There is a newer version of the Ohio Revised Code
2013 Ohio Revised Code
Title [11] XI FINANCIAL INSTITUTIONS
Chapter 1151 - SAVINGS AND LOAN ASSOCIATIONS - GENERALLY.
Section 1151.42 - Purchase and sale of loans.
Ohio Rev Code § 1151.42 (2013) What's This?
A building and loan association may buy obligations representing loans which would be legal loans if originated by the association. Such investments may be held and reported as other investments of the same type.
An association may sell, with or without recourse, any loan.
Effective Date: 12-09-1982
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