Bill Text: OH HB322 | 2011-2012 | 129th General Assembly | Engrossed

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: To permit Ohio banks, savings and loan associations, savings banks, and credit unions to charge the same or lower rates or amounts of interest, fees, or other charges under a revolving credit agreement that the respective out-of-state financial institutions may charge Ohio revolving credit customers.

Spectrum: Partisan Bill (Republican 12-0)

Status: (Passed) 2012-09-04 - Effective Date [HB322 Detail]

Download: Ohio-2011-HB322-Engrossed.html

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As Passed by the House

129th General Assembly Regular Session 2011-2012

H. B. No. 322

Representative Brenner 

Cosponsors: Representatives Kozlowski, Henne, Combs, Wachtmann, Stebelton, Adams, R., Hackett, Ruhl 

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A BILL

To enact sections 1121.051, 1155.181, 1163.221, and

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1733.413 of the Revised Code to permit Ohio banks,

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savings and loan associations, savings banks, and

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credit unions to charge the same interest rate and

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other charges that out-of-state banks may charge

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Ohio customers.

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BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO:

Section 1. That sections 1121.051, 1155.181, 1163.221, and	7
1733.413 of the Revised Code be enacted to read as follows:	8

Sec. 1121.051.  Notwithstanding any limitations contained in	9
the Revised Code, a bank may charge its customers interest, fees,	10
and other charges at any rates or amounts that a bank located in	11
another state may charge to customers in this state.	12

Sec. 1155.181.  Notwithstanding any limitations contained in	13
the Revised Code, a savings and loan association may charge its	14
customers interest, fees, and other charges at any rates or	15
amounts that a savings and loan association located in another	16
state may charge to customers in this state.	17

Sec. 1163.221.  Notwithstanding any limitations contained in	18
the Revised Code, a savings bank may charge its customers	19
interest, fees, and other charges at any rates or amounts that a	20
savings bank located in another state may charge to customers in	21
this state.	22

Sec. 1733.413.  Notwithstanding any limitations contained in	23
the Revised Code, a credit union may charge its customers	24
interest, fees, and other charges at any rates or amounts that a	25
credit union located in another state may charge to customers in	26
this state.	27