Ohio § 1109.16
Full text of Ohio Ohio Revised Code § 1109.16, with citation guidance and answers to common questions.
§ 1109.16.
(A) The superintendent of financial institutions shall adopt rules prescribing standards
for extensions of credit that are either of the following: (1) Secured by liens on interests in real estate; (2) Made for the purpose of financing the construction of either a building or improvements
to real estate. (B) In prescribing the standards required by division (A) of this section, the superintendent
shall consider all of the following: (1) The risk the extensions of credit pose to the federal deposit insurance funds; (2) The need for state banks to operate in a safe and sound manner; (3) The availability of credit; (4) Any other factors the superintendent considers appropriate. (C) In prescribing the standards required by division (A) of this section, the superintendent
may differentiate among types of loans on the basis of any of the following: (1) Statutory requirements; (2) Risk to the federal deposit insurance funds; (3) The safety and soundness of state banks. (D) The superintendent shall not adversely evaluate an investment or a loan made by a
state bank, or consider a loan to be nonperforming, solely because the loan is secured
by or the investment is in commercial, residential, or industrial property, unless
the investment or loan may affect the bank's safety and soundness.
Frequently Asked Questions About Ohio § 1109.16
What does Ohio Revised Code § 1109.16 cover?
Section 1109.16 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 1109.16?
A common citation format is "Ohio Revised Code § 1109.16" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1109.16 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.