§ 1123.03 — Banking commission - duties

Ohio § 1123.03

• Jurisdiction: Ohio
• Title 11: Banks-Savings and Loan Associations
• Ch. 1123: Banking Commission

Text

The banking commission shall do all of the following:

(A) Make recommendations to the deputy superintendent for banks and the superintendent of financial institutions on the business of banking;

(B) Consider and make recommendations on any matter the superintendent or deputy superintendent submits to the commission for that purpose;

(C) Pass upon and determine any matter the superintendent or deputy superintendent submits to the commission for determination;

(D) Consider and determine whether to confirm the annual schedule of assessments proposed by the superintendent in accordance with section1121.29of the Revised Code;

(E) Determine whether to increase the schedule of assessments as provided in division (A)(3) of section1121.29of the Revised Code;

(F) Determine, as provided in division (D) of section1121.12of the Revised Code, both of the following:

(1) Whether there is reasonable cause to believe that there is a significant risk of imminent material harm to the bank;

(2) Whether the examination of the bank holding company is necessary to fully determine the risk to the bank, or to determine how best to address the risk to the bank.

Legislative History

Effective: September 29, 2017 | Latest Legislation: House Bill 49 - 132nd General Assembly