Ohio § 1733.253 Permissible charges under a revolving credit agreement

Ohio Statutes

§ 1733.253 — Permissible charges under a revolving credit agreement

Ohio § 1733.253

Title 17Corporations-Partnerships

Ch. 1733Credit Unions

This text of Ohio § 1733.253 (Permissible charges under a revolving credit agreement) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1733.253 (2026).

Text

(A)As used in this section:

(1)"Revolving credit agreement" means an agreement pursuant to which a credit union contemplates repeated transactions and the amount of credit that may be extended pursuant to the agreement is made available to the extent that any outstanding balance is repaid. "Revolving credit agreement" does not include an agreement secured by a residential mortgage.

(2)"Residential mortgage" has the same meaning as in section1109.181of the Revised Code.

(B)Notwithstanding any limitations contained in sections1733.25,1733.251, or any other section of the Revised Code, a credit union may charge interest, fees, and other charges under a revolving credit agreement at the same or lower rates or amounts that a credit union located in another state may charge its r

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(A) As used in this section:

(1) "Revolving credit agreement" means an agreement pursuant to which a credit union contemplates repeated transactions and the amount of credit that may be extended pursuant to the agreement is made available to the extent that any outstanding balance is repaid. "Revolving credit agreement" does not include an agreement secured by a residential mortgage.

(2) "Residential mortgage" has the same meaning as in section1109.181of the Revised Code.

(B) Notwithstanding any limitations contained in sections1733.25,1733.251, or any other section of the Revised Code, a credit union may charge interest, fees, and other charges under a revolving credit agreement at the same or lower rates or amounts that a credit union located in another state may charge its revolving credit customers in this state.