reglab/statecodes huggingface dataset:
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1349 | Consumer Protection › Section 1349.82 | Violation of Rc 1349.81.

Effective:
September 30, 2011
Latest Legislation:
Senate Bill 84 - 129th General Assembly
A violation of division (A) of section 1349.81 of the Revised Code is an unfair or deceptive act or practice in violation of section 1345.02 of the Revised Code.
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1349 | Consumer Protection › Section 1349.99 | Penalty.

Effective:
March 23, 2018
Latest Legislation:
House Bill 199 - 132nd General Assembly
(A) Whoever violates section 1349.06 or 1349.17 of the Revised Code is guilty of a minor misdemeanor.
(B)(1) Whoever violates section 1349.45 of the Revised Code is guilty of a misdemeanor of the first degree.
(2) Notwithstanding division (B)(1) of this section, the only remedies that are available for a violation of section 1349.45 of the Revised Code by a registrant or licensee under Chapter 1322. of the Revised Code are those set forth in section 1322.50 of the Revised Code or otherwise provided by statute or common law.
(3) The provisions of division (B) of this section are not intended to be exclusive remedies and do not preclude the use of any other remedy provided by law.
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1351 | Lease-Purchase Agreements › Section 1351.01 | Lease-Purchase Agreement Definitions.

Effective:
October 3, 2023
Latest Legislation:
House Bill 33 - 135th General Assembly
As used in this chapter:
(A) "Advertisement" means any written, visual, or oral communication made to a lessee or prospective lessee by means of personal representation, newspaper, magazine, circular, billboard, direct mailing, sign, radio, television, telephone, or other means of communication, that aids, promotes, or assists, directly or indirectly, a lease-purchase agreement.
(B) "Cash price" means the price at which a lessor in the ordinary course of business would offer the property that is the subject of a lease-purchase agreement to the lessee for cash on the date of the lease-purchase agreement. It may include sales taxes.
(C) "Lessee" means an individual who leases personal property pursuant to a lease-purchase agreement.
(D) "Lessor" means a person who, in the ordinary course of business, regularly offers to lease or arranges for personal property to be leased pursuant to a lease-purchase agreement.
(E) "Personal property" means any property that is not real property under the laws of the state where it is located when it is offered or made available for a lease-purchase agreement.
(F) "Lease-purchase agreement" means an agreement for the use of personal property by an individual primarily for personal, family, or household purposes for an initial period of four months or less that is automatically renewable with each lease payment after the initial period and that permits the lessee to acquire ownership of the property. It does not include any of the following:
(1) A lease for agricultural, business, or commercial purposes;
(2) A lease made to an organization;
(3) A lease of money or intangible personal property;
(4) A lease of a motor vehicle as defined in section 4501.01 of the Revised Code.
(G) "Lease-purchase property" means personal property that is owned by the lessor at the time it is physically displayed and offered for lease-purchase to the consumer, and prior to execution of any lease-purchase agreement.
Last updated September 12, 2023 at 3:35 PM
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1351 | Lease-Purchase Agreements › Section 1351.03 | Provisions Prohibited in Lease-Purchase Agreement.

Effective:
June 29, 1988
Latest Legislation:
House Bill 421 - 117th General Assembly
(A) A lease-purchase agreement shall not contain a provision that requires a lessee to do any of the following:
(1) Execute a warrant of attorney to confess judgment;
(2) Authorize the lessor or an agent of the lessor to commit a breach of the peace in the repossession of property that is the subject of the lease-purchase agreement;
(3) Waive a defense, counterclaim, or any right the lessee has against the lessor or an agent of the lessor.
(B) No lease-purchase agreement shall provide that mere failure to return property constitutes probable cause for a criminal action.
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1351 | Lease-Purchase Agreements › Section 1351.04 | Terms That May Not Be Required.

Effective:
June 29, 1988
Latest Legislation:
House Bill 421 - 117th General Assembly
A lessor shall not require any of the following from a lessee:
(A) The purchase of insurance from the lessor for property that is the subject of a lease-purchase agreement;
(B) Any payment in addition to the number of lease payments specified in the lease-purchase agreement other than the payment described in division (B) of section 1351.06 of the Revised Code, that is required in order for the lessee to acquire ownership of the leased property;
(C) Lease payments that in the aggregate exceed the maximum permissible amount set forth in section 1351.06 of the Revised Code;
(D) A penalty for early termination of a lease-purchase agreement or for the return of any leased property at any time;
(E) A fee for in-home collection of a lease payment unless the amount of the fee is disclosed and the lessee expressly has agreed to pay the fee.
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1351 | Lease-Purchase Agreements › Section 1351.05 | Reinstatement of Agreement After Default.

Effective:
June 20, 1988
Latest Legislation:
House Bill 421 - 117th General Assembly
(A) A lessee who fails to make timely lease payments has the right to reinstate the original lease-purchase agreement without losing any rights or options previously acquired under the lease-purchase agreement within three lease terms after the expiration of the last lease term for which the lessee made a timely payment if the lessee surrenders the leased property to the lessor when the lessor or its agent requests him to surrender the leased property.
(B) Before reinstating a lease-purchase agreement, a lessor may require a lessee to pay any unpaid lease payments, delinquency charges, a reasonable reinstatement fee of not more than five dollars, and a delivery charge if redelivery of the leased property is necessary.
(C) If reinstatement occurs pursuant to this section, the lessor shall provide the lessee with either the same property leased by the lessee prior to reinstatement or substitute property that is of comparable quality and condition. If substitute property is provided, the lessor shall provide the lessee with all of the disclosures required by section 1351.02 of the Revised Code.
(D) A lessee who fails to make a timely lease payment shall, before such lessee is determined to be in default, be allowed a grace period of not less than two days if payments are made in weekly installments and not less than five days if payments are made in monthly installments; however, no lessee shall be entitled to more than three such monthly grace periods per year.
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1351 | Lease-Purchase Agreements › Section 1351.06 | Acquiring Ownership When 50% of Payments Equals Cash Price.

Effective:
June 29, 1988
Latest Legislation:
House Bill 421 - 117th General Assembly
(A) No lessor shall offer a lease-purchase agreement in which fifty per cent of all lease payments necessary to acquire ownership of the leased property exceed the cash price of the leased property. When fifty per cent of all lease payments made by a lessee equals the cash price of the property disclosed to the lessee pursuant to division (A)(11) of section 1351.02 of the Revised Code, the lessee shall acquire ownership of the leased property and the lease-purchase agreement shall terminate.
(B) At any time after tendering an initial lease payment, a lessee may acquire ownership of the property that is the subject of the lease-purchase agreement by tendering an amount equal to the amount by which the cash price of the leased property exceeds fifty per cent of all lease payments made by the lessee.
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1351 | Lease-Purchase Agreements › Section 1351.07 | Advertisements - Mandatory Information to Be Supplied.

Effective:
October 3, 2023
Latest Legislation:
House Bill 33 - 135th General Assembly
(A) No advertisement for a lease-purchase agreement shall state that a lease of any specific property is available at specific amounts or on specific terms unless the lessor will lease the property at those amounts or on those terms.
(B) No advertisement shall state that a payment or a lease payment is due upon origination of a lease without disclosing all of the following:
(1) The payment due upon origination of the lease;
(2) The lease payment;
(3) The total number of lease payments necessary to obtain ownership of the property that is the subject of the lease-purchase agreement.
(C) All lease-purchase property displayed or offered under a lease-purchase agreement shall have stamped upon or affixed to the property, or otherwise disclosed as provided in division (D) of this section, and clearly and conspicuously indicated in Arabic numerals that are readable and understandable by visual inspection, all of the following:
(1) The cash price of the property;
(2) The amount of the lease payment;
(3) The total number of lease payments necessary to acquire ownership of the property that is the subject of the lease-purchase agreement.
(D) For any lease-purchase property displayed or offered online and for which a consumer can enter into a lease-purchase agreement online or remotely through electronic commerce, a lessor may, in lieu of stamping or affixing the disclosures required by division (C) of this section to the property, provide the same information electronically so long as such information is clearly and conspicuously indicated in Arabic numerals that are readable and understandable by visual inspection and the disclosure is provided prior to any disclosure required under section 1351.02 of the Revised Code.
(E) When personal property that is not lease-purchase property is displayed or offered for a lease-purchase agreement, the lessor shall provide the information described under divisions (C)(1) to (3) of this section electronically, in the same manner described under division (D) of this section, rather than stamping or affixing such information to the property.
(F) With respect to matters specifically governed by the "Consumer Credit Protection Act," 15 U.S.C.A. 1667, 90 Stat. 257, as amended, compliance with such act satisfies the requirements of this section.
Last updated September 12, 2023 at 3:40 PM
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1351 | Lease-Purchase Agreements › Section 1351.08 | Liability of Lessor for Noncompliance.

Effective:
June 29, 1988
Latest Legislation:
House Bill 421 - 117th General Assembly
(A) A lessor who fails to comply with the requirements of this chapter with respect to a lease-purchase agreement is liable to the lessee in an amount equal to the sum of the following:
(1) The costs of the action and reasonable attorney's fees as determined by the court;
(2) The greater of the following:
(a) The actual damages sustained by the lessee as a result of the failure of the lessor;
(b)(i) In the case of an individual action, twenty-five per cent of the total amount necessary to acquire ownership of the property that is the subject of the lease-purchase agreement, but not less than two hundred dollars or more than one thousand dollars;
(ii) In the case of a class action, an amount the court determines to be appropriate except that as to each member of the class no minimum recovery is applicable. The total recovery under division (A)(2)(b)(ii) of this section in any class action or series of class actions arising out of the same failure to comply cannot be more than the lesser of five hundred thousand dollars or an amount equal to one per cent of the net worth of the lessor.
(B) If a particular lease-purchase agreement has more than one lessee, only one recovery of damages is allowed under division (A)(2) of this section for a violation of this chapter. Multiple violations in connection with a single lease-purchase agreement entitle the lessee or multiple lessees to only one recovery under this section.
(C) No action under this section may be brought more than two years after the occurrence of the violation that is the subject of the suit, or more than two years after the lessee made his last lease payment, whichever is later. This division does not bar a lessee from asserting a violation of this chapter as a matter of defense by recoupment or set-off in an action brought by a lessor more than two years after the date of the occurrence of the violation on an obligation arising from the lease-purchase agreement.
(D) A lessee may not take any action to offset any amount for which a lessor is potentially liable under division (A)(2) of this section against any amount owed by the lessee, unless the amount of the liability of the lessor has been determined by a judgment of a court of competent jurisdiction in an action in which the lessor was a party. This division does not bar a lessee in default on an obligation arising from the lease-purchase agreement from asserting a violation of this chapter in an original action, or as a defense or counterclaim to an action brought by the lessor to collect amounts owed by the lessee pursuant to the lease-purchase agreement.
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1351 | Lease-Purchase Agreements › Section 1351.09 | Limits on Lessor's Liability.

Effective:
June 29, 1988
Latest Legislation:
House Bill 421 - 117th General Assembly
(A) A lessor is not liable under section 1351.08 of the Revised Code for any violation of the requirements of this chapter if, within sixty days after discovering an error, and before an action for damages is filed against him pursuant to section 1351.08 of the Revised Code or written notice of the error is received from the lessee, the lessor notifies the lessee of the error and makes adjustments to the account of the lessee that are necessary to assure that the lessee is not required to pay an amount in excess of the amounts actually disclosed. This division applies whether the error was discovered through the lessor's own procedures or by any other means.
(B) A lessor is not liable under section 1351.08 of the Revised Code for damages in excess of the actual damage sustained by the lessee if the lessor shows by a preponderance of the evidence that the violation of this chapter resulted from a bona fide error notwithstanding the maintenance by the lessor of procedures reasonably adopted to avoid the error. As used in this division, "bona fide error" includes, but is not limited to, clerical, calculation, computer malfunction and programming, and printing errors.
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1353 | Farm Machinery or Construction Equipment Dealers and Suppliers › Section 1353.01 | Farm Machinery or Construction Equipment Dealers or Suppliers Definitions.

Effective:
October 26, 2001
Latest Legislation:
House Bill 200 - 124th General Assembly
As used in this chapter:
(A) "Attachments" means equipment designed to be used on or in conjunction with farm machinery or construction equipment.
(B) "Current net price" means the price listed in the supplier's price list or catalog in effect at the time the dealer agreement is terminated, less all applicable discounts.
(C) "Dealer agreement" means a written or implied contract, sales agreement, or security agreement between a supplier and a dealer that authorizes the dealer to engage in the retail sale and service of farm machinery or construction equipment in accordance with methods and procedures prescribed by the supplier and includes any data processing hardware the supplier requires the dealer to purchase to satisfy the minimum requirements of the dealer agreement.
(D) "Supplier" means a manufacturer, wholesaler, or distributor of farm machinery or construction equipment to dealers under a dealer agreement who also may require the dealer to purchase data processing hardware to satisfy the minimum requirements of the dealer agreement.
(E) "Inventory" means farm machinery or construction equipment held by a dealer for sale or lease and also means any data processing hardware that the supplier requires the dealer to purchase.
(F) "Net cost" means the original invoice price that the dealer paid for the merchandise to a supplier, less all applicable discounts allowed, plus freight charges incurred by the dealer from the supplier's location to the dealer's location.
(G) "Dealer" means a person engaged in the business of the retail sale of farm machinery or construction equipment under a dealer agreement, which also may include a requirement to purchase data processing hardware.
(H) "Farm machinery" means farm implements and machinery together with the attachments, special service tools, or repair parts for such implements and machinery. "Farm machinery" includes compact tractors, but does not include a motor vehicle as defined in section 4501.01 of the Revised Code.
(I) "Compact tractors" means garden and small utility tractors and riding mowers. "Compact tractors" are not motor vehicles as defined in section 4501.01 of the Revised Code.
(J) "Construction equipment" means construction equipment and the attachments, special service tools, or repair parts for such equipment together with mobile, motorized utility maintenance equipment used in construction or road maintenance. "Construction equipment" does not include a motor vehicle as defined in section 4501.01 of the Revised Code.
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1353 | Farm Machinery or Construction Equipment Dealers and Suppliers › Section 1353.03 | Effect on Security Interests - Provisions Are Supplemental to Agreement.

Effective:
June 29, 1988
Latest Legislation:
Senate Bill 157 - 117th General Assembly
(A) This chapter does not affect any security interest which any person, financial institution, or supplier has in the inventory of the dealer or affect a supplier's right to charge back to a dealer's account amounts previously paid or credited as a discount incident to the dealer's purchase of the repurchased inventory.
(B) The provisions of this chapter are supplemental to any agreement between the dealer and the supplier governing the return of inventory pursuant to a termination of the dealer agreement. A dealer to whom this chapter applies may elect to pursue either a contract remedy or to enforce a repurchase of inventory under this chapter. An election by the dealer to pursue a contract remedy does not bar the right of the dealer to demand the repurchase under this chapter of inventory not affected by the contract remedy.
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1353 | Farm Machinery or Construction Equipment Dealers and Suppliers › Section 1353.04 | Compelling Repurchase.

Effective:
June 29, 1988
Latest Legislation:
Senate Bill 157 - 117th General Assembly
If a supplier fails to repurchase any inventory as required by section 1353.02 of the Revised Code, the dealer may bring a civil action to compel repurchase. If the court finds in favor of the dealer, the court shall order the supplier to repurchase the inventory at its current net price. In addition, the court shall order the supplier to pay to the dealer interest on the current net price of the inventory, computed pursuant to division (C) of section 1353.02 of the Revised Code, plus any freight charges paid by the dealer, court costs, and reasonable attorney's fees.
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1353 | Farm Machinery or Construction Equipment Dealers and Suppliers › Section 1353.05 | Contracts Prior to Date of Chapter.

Effective:
June 29, 1988
Latest Legislation:
Senate Bill 157 - 117th General Assembly
This chapter does not apply to any contract entered into before the effective date of this chapter unless it is a continuing contract that has no expiration date.
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1354 | Businesses Maintaining Recognized Cybersecurity Programs › Section 1354.01 | Definitions.

Effective:
April 5, 2019
Latest Legislation:
House Bill 66 - 132nd General Assembly
As used in this chapter:
(A) "Business" means any limited liability company, limited liability partnership, corporation, sole proprietorship, association, state institution of higher education as defined in section 3345.011 of the Revised Code, private college as defined in section 3365.01 of the Revised Code, or other group, however organized and whether operating for profit or not for profit, including a financial institution organized, chartered, or holding a license authorizing operation under the laws of this state, any other state, the United States, or any other country, or the parent or subsidiary of any of the foregoing.
(B) "Covered entity" means a business that accesses, maintains, communicates, or processes personal information or restricted information in or through one or more systems, networks, or services located in or outside this state.
(C) "Data breach" means unauthorized access to and acquisition of computerized data that compromises the security or confidentiality of personal information or restricted information owned by or licensed to a covered entity and that causes, reasonably is believed to have caused, or reasonably is believed will cause a material risk of identity theft or other fraud to person or property. "Data breach" does not include either of the following:
(1) Good faith acquisition of personal information or restricted information by the covered entity's employee or agent for the purposes of the covered entity's, provided that the personal information or restricted information is not used for an unlawful purpose or subject to further unauthorized disclosure;
(2) Acquisition of personal information or restricted information pursuant to a search warrant, subpoena, or other court order, or pursuant to a subpoena, order, or duty of a regulatory state agency.
(D) "Personal information" has the same meaning as in section 1349.19 of the Revised Code.
(E) "Restricted information" means any information about an individual, other than personal information, that, alone or in combination with other information, including personal information, can be used to distinguish or trace the individual's identity or that is linked or linkable to an individual, if the information is not encrypted, redacted, or altered by any method or technology in such a manner that the information is unreadable, and the breach of which is likely to result in a material risk of identity theft or other fraud to person or property.
As used in this division, "encrypted," "individual," and "redacted" have the same meanings as in section 1349.19 of the Revised Code.
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1354 | Businesses Maintaining Recognized Cybersecurity Programs › Section 1354.02 | Safe Harbor Requirements.

Effective:
November 2, 2018
Latest Legislation:
Senate Bill 220 - 132nd General Assembly
(A) A covered entity seeking an affirmative defense under sections 1354.01 to 1354.05 of the Revised Code shall do one of the following:
(1) Create, maintain, and comply with a written cybersecurity program that contains administrative, technical, and physical safeguards for the protection of personal information and that reasonably conforms to an industry recognized cybersecurity framework, as described in section 1354.03 of the Revised Code; or
(2) Create, maintain, and comply with a written cybersecurity program that contains administrative, technical, and physical safeguards for the protection of both personal information and restricted information and that reasonably conforms to an industry recognized cybersecurity framework, as described in section 1354.03 of the Revised Code.
(B) A covered entity's cybersecurity program shall be designed to do all of the following with respect to the information described in division (A)(1) or (2) of this section, as applicable :
(1) Protect the security and confidentiality of the information;
(2) Protect against any anticipated threats or hazards to the security or integrity of the information;
(3) Protect against unauthorized access to and acquisition of the information that is likely to result in a material risk of identity theft or other fraud to the individual to whom the information relates.
(C) The scale and scope of a covered entity's cybersecurity program under division (A) (1) or (2) of this section, as applicable, is appropriate if it is based on all of the following factors:
(1) The size and complexity of the covered entity;
(2) The nature and scope of the activities of the covered entity;
(3) The sensitivity of the information to be protected;
(4) The cost and availability of tools to improve information security and reduce vulnerabilities;
(5) The resources available to the covered entity.
(D)(1) A covered entity that satisfies divisions (A)(1), (B), and (C) of this section is entitled to an affirmative defense to any cause of action sounding in tort that is brought under the laws of this state or in the courts of this state and that alleges that the failure to implement reasonable information security controls resulted in a data breach concerning personal information.
(2) A covered entity that satisfies divisions (A)(2), (B), and (C) of this section is entitled to an affirmative defense to any cause of action sounding in tort that is brought under the laws of this state or in the courts of this state and that alleges that the failure to implement reasonable information security controls resulted in a data breach concerning personal information or restricted information.
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1354 | Businesses Maintaining Recognized Cybersecurity Programs › Section 1354.04 | No Private Right of Action.

Effective:
November 2, 2018
Latest Legislation:
Senate Bill 220 - 132nd General Assembly
Sections 1354.01 to 1354.05 of the Revised Code shall not be construed to provide a private right of action, including a class action, with respect to any act or practice regulated under those sections.
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1354 | Businesses Maintaining Recognized Cybersecurity Programs › Section 1354.05 | Severability.

Effective:
November 2, 2018
Latest Legislation:
Senate Bill 220 - 132nd General Assembly
If any provision of sections 1354.01 to 1354.05 of the Revised Code or the application thereof to a covered entity is for any reason held to be invalid, the remainder of the provisions under those sections and the application of such provisions to other covered entities shall not be thereby affected.
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1355 | Regulatory Sandbox Program › Section 1355.01 | Definitions.

Effective:
March 14, 2023
Latest Legislation:
Senate Bill 249 - 134th General Assembly
As used in this chapter:
(A) "Applicable agency" means a department or agency of the state to which both of the following apply:
(1) It is authorized to regulate certain types of business activity in this state and persons engaged in such business, including the issuance of licenses or other types of authorization.
(2) The superintendent of financial institutions determines the department or agency would regulate a sandbox participant if the person were not a sandbox participant.
(B) "Consumer" means a person that obtains, from a sandbox participant, a novel financial product or service that is to be used primarily for personal, family, household, or business purposes. "Consumer" includes a legal representative of the person.
(C) "Financial product or service" means a product or service that requires licensure or other authorization under, or that includes a business model, delivery mechanism, or element that requires a license or other authorization to act as a financial institution or other person that is regulated by, Title XI or Chapter 1315., 1321., 1322., 1733., 4712., 4727., or 4728. of the Revised Code. "Financial product or service" does not include a product or service that requires licensure under, or that includes a business model, delivery mechanism, or element that requires a license to act as a person regulated by, Chapter 1707. of the Revised Code.
(D) "Novel financial product or service" means a financial product or service that makes use of or incorporates new or emerging technology, or reimagines uses of existing technologies, to address a problem, provide a benefit, or otherwise offer a product, service, business model, or delivery mechanism that is not known by the superintendent of financial institutions to have a comparable widespread offering in this state.
(E) "Person" has the same meaning as in section 1.59 of the Revised Code.
(F) "Regulatory sandbox" means the program established by this chapter under which a person is licensed to temporarily test a novel financial product or service on a limited basis without otherwise being licensed or authorized to act under the laws of this state.
(G) "Sandbox participant" means a person that has been granted a license to test a novel financial product or service in the regulatory sandbox.
(H) "Test" means to provide products and services as allowed by this chapter.
Last updated January 17, 2023 at 5:44 PM
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1355 | Regulatory Sandbox Program › Section 1355.02 | Regulatory Sandbox Program.

Effective:
March 14, 2023
Latest Legislation:
Senate Bill 249 - 134th General Assembly
The superintendent of financial institutions shall establish a regulatory sandbox program in consultation with applicable agencies to enable a person to obtain limited access to the market in this state to test novel financial products or services without obtaining any other license or authorization that otherwise would be required.
Last updated January 17, 2023 at 5:44 PM
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1355 | Regulatory Sandbox Program › Section 1355.04 | Input From Applicable Agencies.

Effective:
March 14, 2023
Latest Legislation:
Senate Bill 249 - 134th General Assembly
The superintendent of financial institutions shall consult with all applicable agencies before admitting a person into the regulatory sandbox. This consultation may include seeking information about any of the following:
(A) Whether the applicable agency previously has either:
(1) Issued a license or other authorization to the applicant;
(2) Investigated, sanctioned, or pursued legal action against the applicant.
(B) Whether the applicant could obtain a license or other authorization from an applicable agency after exiting the regulatory sandbox.
Last updated January 17, 2023 at 5:45 PM
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1355 | Regulatory Sandbox Program › Section 1355.05 | Terms of Participation in Sandbox.

Effective:
March 14, 2023
Latest Legislation:
Senate Bill 249 - 134th General Assembly
(A) If the superintendent of financial institutions approves an application for entry into the regulatory sandbox, the applicant is considered a sandbox participant and the superintendent shall issue the sandbox participant a license number.
(B) The superintendent and sandbox participant shall enter into an agreement regarding the scope of the sandbox participant's test including any restrictions or limits on testing such as the number of consumers permitted to use the novel financial product or service and any dollar limits.
(C) The sandbox participant may test the novel financial product or service for a period of twenty-four months following the date of approval, unless the sandbox participant and superintendent agree to a shorter period of time. A sandbox participant may opt out of the sandbox prior to the expiration of the testing period. If a sandbox participant opts out early, it must comply with the requirements of section 1355.07 of the Revised Code.
(D) This section does not restrict a sandbox participant that holds another license or authorization from acting pursuant to and in accordance with that other license or authorization. A sandbox participant that holds another license or authorization may continue to operate in accordance with that license or authorization with regard to financial products or services that are not the novel financial product or service being tested in the regulatory sandbox.
(E) Except as otherwise provided in this chapter, a sandbox participant is not subject to state laws that establish requirements pursuant to a license or authorization issued by an applicable agency that otherwise would or may regulate a novel financial product or service.
(F) The superintendent may determine that certain state laws that regulate a financial product or service apply to a sandbox participant. If the superintendent makes this determination and approves an application for entry into the regulatory sandbox, the superintendent shall notify the sandbox participant of the specific state regulatory laws that will apply to the sandbox participant.
(G) The superintendent may require applicants and sandbox participants to utilize a multistate licensing system in accordance with section 1181.23 of the Revised Code in complying with this chapter.
(H) It is the intent of the general assembly that a sandbox participant is deemed to possess an appropriate license under the laws of this state for purposes of any provision of federal law requiring state licensure or authorization.
Last updated January 17, 2023 at 5:45 PM
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1355 | Regulatory Sandbox Program › Section 1355.06 | Consumer Disclosures.

Effective:
March 14, 2023
Latest Legislation:
Senate Bill 249 - 134th General Assembly
(A) Before providing a novel financial product or service to a consumer, a sandbox participant shall disclose to the consumer all of the following:
(1) The name and contact information of the sandbox participant, including the license number provided by the superintendent of financial institutions pursuant to division (A) of section 1355.05 of the Revised Code;
(2) That the novel financial product or service is authorized pursuant to the regulatory sandbox and, if applicable, that the sandbox participant does not have a license or other authorization to generally provide products or services under state laws that regulate a financial product or service that is outside the regulatory sandbox;
(3) That the state does not endorse or recommend the novel financial product or service;
(4) That the novel financial product or service is a temporary test that may be discontinued at the end of the testing period, including the expected end date of the testing period;
(5) That consumers may contact the superintendent to file complaints regarding the novel financial product or service being tested and provide the superintendent's telephone number and web site address where complaints may be filed.
(B) The notifications prescribed by division (A) of this section shall be provided to consumers in a clear and conspicuous form. For internet- or application-based novel financial products or services, the sandbox participant shall require consumers to acknowledge receipt of these notifications before completion of a transaction.
(C) The superintendent may require a sandbox participant to make additional disclosures to consumers. When the superintendent approves an application for entry into the regulatory sandbox, the superintendent shall notify the sandbox participant of any additional required disclosures.
Last updated January 17, 2023 at 5:45 PM
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1355 | Regulatory Sandbox Program › Section 1355.07 | Exiting the Sandbox.

Effective:
March 14, 2023
Latest Legislation:
Senate Bill 249 - 134th General Assembly
(A) Not less than thirty days before the end of a sandbox participant's testing period, the sandbox participant shall do either of the following:
(1) Notify the superintendent of financial institutions that the sandbox participant will exit the regulatory sandbox, wind down its test, and cease offering the novel financial product or service in the regulatory sandbox within sixty days of the end of the testing period;
(2) Seek an extension pursuant to section 1355.08 of the Revised Code to pursue a license or other authorization required by law.
(B) If the superintendent does not receive notification pursuant to division (A) of this section, the regulatory sandbox testing period ends at the expiration of the time period designated by the superintendent pursuant to division (C) of section 1355.05 of the Revised Code, and the sandbox participant shall immediately cease offering novel financial products or services.
(C) If a test includes offering products or services that require ongoing duties, such as servicing a loan, the sandbox participant shall continue to fulfill those duties or arrange for another person to fulfill those duties after the date the sandbox participant exits the regulatory sandbox.
Last updated January 17, 2023 at 5:46 PM
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1355 | Regulatory Sandbox Program › Section 1355.08 | Extension of Testing Period.

Effective:
March 14, 2023
Latest Legislation:
Senate Bill 249 - 134th General Assembly
(A) A sandbox participant may request an extension of the regulatory sandbox testing period for the purpose of pursuing a license or other authorization required by law.
(B) The superintendent of financial institutions may grant or deny a request for an extension pursuant to division (A) of this section by the end of the testing period. The superintendent shall not grant an extension that is effective for more than one year following the end of the initial regulatory sandbox testing period.
(C) A sandbox participant that obtains an extension pursuant to division (B) of this section shall provide the superintendent with a written report every three months that provides an update on the sandbox participant's efforts to obtain a license or other authorization, including any submitted applications for licensure or other authorization, rejected applications, or issued licenses or other authorizations.
Last updated January 17, 2023 at 5:46 PM
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1355 | Regulatory Sandbox Program › Section 1355.09 | Recordkeeping, Test Failure, Security Breach.

Effective:
March 14, 2023
Latest Legislation:
Senate Bill 249 - 134th General Assembly
(A) A sandbox participant shall retain records, documents, and data produced in the ordinary course of business regarding a novel financial product or service tested in the regulatory sandbox.
(B) If a novel financial product or service fails before the end of the testing period, the sandbox participant shall notify the superintendent of financial institutions and report on actions taken to ensure consumers have not been harmed as a result of the failure of the novel financial product or service.
(C) A sandbox participant is subject to the requirements of section 1349.19 of the Revised Code and shall notify the superintendent of any breach of the security of the system as defined in section 1349.19 of the Revised Code.
Last updated January 17, 2023 at 5:46 PM
2023 Ohio Revised Code › Title 13 | Commercial Transactions › Chapter 1355 | Regulatory Sandbox Program › Section 1355.10 | Confidentiality and Disclosure of Information.

Effective:
March 14, 2023
Latest Legislation:
Senate Bill 249 - 134th General Assembly
(A) Except for the name of a sandbox participant and overview of a sandbox participant's novel financial product or service, records that are submitted to or obtained by the superintendent of financial institutions or an applicable agency pursuant to this chapter are not public records for the purposes of section 149.43 of the Revised Code and shall not be disclosed except in accordance with this section. The name of a sandbox participant and an overview of a sandbox participant's novel financial product or service are public records and may be disclosed.
(B) The superintendent or applicable agency may disclose records and information that are submitted or obtained pursuant to this chapter to any of the following:
(1) State and federal agencies;
(2) Representatives of foreign countries that have regulatory or supervisory authority over the activities of the sandbox participant;
(3) A federal, state, or county grand jury in response to a lawful subpoena;
(4) The auditor of state for the purpose of conducting an audit authorized by law.
(C) The superintendent and any applicable agency consulted by the superintendent pursuant to section 1355.04 of the Revised Code are not liable for the disclosure of records, information, or data received or obtained pursuant to this chapter.
(D)(1) The disclosure pursuant to division (B) of this section of a complaint or the results of an examination, inquiry, or investigation of a sandbox participant does not make that information a public record and the superintendent or appropriate agency shall not disclose that information unless otherwise permitted to do so by a provision of the Revised Code.
(2) If a sandbox participant or the sandbox participant's holding company obtains information as a result of an examination, inquiry, or investigation, the sandbox participant or the sandbox participant's holding company shall not disclose that information to the general public unless the disclosure is required by law. A sandbox participant or the sandbox participant's holding company shall not disclose, use, or reference in any form comments, conclusions, or results of an examination, inquiry, or investigation in any type of communication to a consumer or potential consumer. A violation of division (D)(2) of this section is an unconscionable act or practice for the purposes of Chapter 1345. of the Revised Code.
(E) This section shall not be construed to prohibit the disclosure of information that is admissible in evidence in a civil or criminal proceeding brought by a state or federal law enforcement agency to enforce or prosecute civil or criminal violations of law.
Last updated January 17, 2023 at 5:47 PM
2023 Ohio Revised Code › Title 15 | Conservation of Natural Resources › Chapter 1501 | Department of Natural Resources - General Provisions › Section 1501.011 | Preparing Plans for Construction and Awarding of Contracts.

Effective:
September 13, 2022
Latest Legislation:
House Bill 687 - 134th General Assembly
(A) Except as provided in divisions (B), (C), and (D) of this section, the Ohio facilities construction commission shall supervise the design and construction of, and make contracts for the construction, reconstruction, improvement, enlargement, alteration, repair, or decoration of, any projects or improvements for the department of natural resources that may be authorized by legislative appropriations or any other funds available therefor, the estimated cost of which amounts to two hundred thousand dollars or more or the amount determined pursuant to section 153.53 of the Revised Code or more.
(B)(1) The department of natural resources shall supervise the design and construction of, and make contracts for the construction, reconstruction, improvement, enlargement, alteration, repair, or decoration of, any of the following activities, projects, or improvements:
(a) Dam repairs administered by the division of engineering under Chapter 1507. of the Revised Code;
(b) Projects or improvements administered by the division of parks and watercraft and funded through the waterways safety fund established in section 1547.75 of the Revised Code;
(c) Projects or improvements administered by the division of wildlife under Chapter 1531. or 1533. of the Revised Code;
(d) Activities conducted by the department pursuant to section 5511.05 of the Revised Code in order to maintain the department's roadway inventory.
(2) If a contract to be let under division (B)(1) of this section involves an exigency that concerns the public health, safety, or welfare or addresses an emergency situation in which timeliness is crucial in preventing the cost of the contract from increasing significantly, pursuant to the declaration of a public exigency, the department may award the contract without competitive bidding or selection as otherwise required by Chapter 153. of the Revised Code.
A notice published by the department of natural resources regarding an activity, project, or improvement shall be published as contemplated in section 7.16 of the Revised Code.
(C) The executive director of the Ohio facilities construction commission may authorize the department of natural resources to administer any other project or improvement, the estimated cost of which, including design fees, construction, equipment, and contingency amounts, is not more than three million dollars.
Last updated July 6, 2022 at 9:18 AM
2023 Ohio Revised Code › Title 15 | Conservation of Natural Resources › Chapter 1501 | Department of Natural Resources - General Provisions › Section 1501.02 | Cooperative or Contractual Arrangements With Federal and Local Government.

Effective:
September 14, 2016
Latest Legislation:
Senate Bill 293 - 131st General Assembly
The director of natural resources may enter into cooperative or contractual arrangements with the United States or any agency or department thereof, other states, other departments and subdivisions of this state, or any other person or body politic for the accomplishment of the purposes for which the department of natural resources was created. The director shall cooperate with, and not infringe upon the rights of, other state departments, divisions, boards, commissions, and agencies, political subdivisions, and other public officials and public and private agencies in the conduct of conservation plans and other matters in which the interests of the department of natural resources and the other departments and agencies overlap.
The director, by mutual agreement, may utilize the facilities and staffs of state-supported educational institutions in order to promote the conservation and development of the natural resources of the state.
All funds made available by the United States for the exclusive use of any division shall be expended only by that division and only for the purposes for which the funds were appropriated. In accepting any such funds for the acquisition of lands or interests in them to be used for open-space purposes including park, recreational, historical, or scenic purposes, or for conservation of land or other natural resources, the director may agree on behalf of the state that lands or interests in them acquired in part with those funds shall not be converted to other uses except pursuant to further agreement between the director and the United States.
The director shall adopt rules in accordance with Chapter 119. of the Revised Code establishing guidelines for entering into and may enter into a cooperative or contractual arrangement with any individual, agency, organization, or business entity to assist the department in funding a program or project of the department, its divisions, or its offices, through securing, without limitation, donations, sponsorships, marketing, advertising, and licensing arrangements. State moneys appropriated to the department shall continue to be used as authorized and shall not be redirected to any other purpose as a result of financial savings resulting from the department's entering into the cooperative or contractual arrangement.
The director may enter into a mutual aid compact with the chief law enforcement officer of any federal agency, state agency, county, township, municipal corporation, or other political subdivision or with the superintendent of the state highway patrol to enable forest-fire investigators and natural resources officers and the law enforcement officers of the respective federal or state agencies or political subdivisions or the state highway patrol to assist each other in the provision of police services within each other's jurisdiction.