Ohio Revised Code
Chapter 1121 | Banks - Superintendent's Powers
Section 1121.16 | Prohibited Acts; Violations.

Effective: January 1, 2018
Latest Legislation: House Bill 49 - 132nd General Assembly
(A) No state bank, trust company, or regulated person shall do any of the following:
(1) Refuse to allow any examination authorized by section 1121.10 of the Revised Code;
(2) Refuse to give information required by the division of financial institutions in the course of or in relation to an examination authorized by section 1121.10 of the Revised Code;
(3) Provide false or misleading information in the course of or in relation to an examination authorized by section 1121.10 of the Revised Code, knowing it to be false or misleading.
(B) If a state bank, trust company, or regulated person violates division (A) of this section, the superintendent may do any of the following:
(1) Issue a cease and desist order pursuant to section 1121.32 of the Revised Code, issue a removal or prohibition order pursuant to section 1121.33 of the Revised Code, issue a suspension or temporary prohibition order pursuant to section 1121.34 of the Revised Code, or assess a civil penalty pursuant to section 1121.35 of the Revised Code;
(2) Appoint a conservator for the state bank pursuant to section 1125.09 of the Revised Code;
(3) Initiate civil or criminal proceedings the superintendent considers appropriate.

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