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2017 Ohio Revised Code
Title [11] XI FINANCIAL INSTITUTIONS
Chapter 1151 - SAVINGS AND LOAN ASSOCIATIONS - GENERALLY
Section 1151.42 - [Repealed Effective 1/1/2018] Purchase and sale of loans.
Universal Citation: Ohio Rev Code § 1151.42 (2017)
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.
Repealed by 132nd General Assembly File No. TBD, HB 49, §130.23, eff. 1/1/2018.
Effective Date: 12-09-1982 .
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