2020 Ohio Revised Code
Title 11 | Banks-Savings and Loan Associations
Chapter 1123 | Banking Commission
Section 1123.03 | Banking Commission - Duties.
Effective: September 29, 2017
Latest Legislation: House Bill 49 - 132nd General Assembly
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 section 1121.29 of the Revised Code;
(E) Determine whether to increase the schedule of assessments as provided in division (A)(3) of section 1121.29 of the Revised Code;
(F) Determine, as provided in division (D) of section 1121.12 of 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.
