Effective: January 1, 1997
Latest Legislation: House Bill 538 - 121st General Assembly
(A) No regulated person shall, except as provided by law, stipulate for or receive any fee, commission, gift, or thing of value from any person for procuring or endeavoring to procure for that person, or for any other person, any loan, extension or renewal of a loan, or substitution of security from any bank or trust company, or the purchase, discount, or acceptance of any paper, note, draft, check, or bill of exchange by any bank or trust company.
(B) Division (A) of this section does not prohibit any bona fide salary, wages, fees, or other compensation paid, or expenses reimbursed, in the usual course of business by a bank or trust company to a regulated person, or normal business amenities that facilitate the discussion of business, foster good business relations, or serve some other demonstrable business purpose.
Structure Ohio Revised Code
Title 11 | Banks-Savings and Loan Associations
Chapter 1127 | Banks - Crimes and Prohibited Activities
Section 1127.01 | Actions by a Regulated Person Constituting Criminal Offense.
Section 1127.02 | Insolvent Bank Receiving Deposit.
Section 1127.03 | Unlawful Fees for Procuring Bank or Trust Company Services.
Section 1127.06 | Violation of Superintendent of Financial Institutions Order.
Section 1127.08 | False, Misleading, Forged, or Counterfeit Documents.
Section 1127.09 | False or Misleading Communications.