Ohio Admin. Code 1301:9-2-27

Current through all regulations passed and filed through December 23, 2024

Section 1301:9-2-27 - Interest rebate

The board of directors may authorize the payment of an interest rebate on loan accounts, upon reasonable terms, if

(A) The board of directors authorizes the method of computation, payment and qualifications for participation in such rebate; and

(B) Any rebate of interest is recorded as a reduction of the loan interest for the accounting period to which it applies.

Ohio Admin. Code 1301:9-2-27

Effective: 7/8/2024
Five Year Review (FYR) Dates: 4/18/2024 and 07/08/2029
Promulgated Under: 119.03
Statutory Authority: 1733.41
Rule Amplifies: 1733.04
Prior Effective Dates: 08/03/1993