Ohio § 1315.12
Full text of Ohio Ohio Revised Code § 1315.12, with citation guidance and answers to common questions.
§ 1315.12.
(A) As often as the superintendent of financial institutions considers necessary, the
superintendent, or any deputy or examiner appointed or any contractor engaged by the
superintendent for that purpose, thoroughly shall examine the records and affairs
of each licensee. The examination shall include a review of all of the following: (1) Compliance with law; (2) Safety and soundness; (3) Other matters that the superintendent determines. (B) The superintendent may conduct all aspects of an examination described in division
(A) of this section concurrently or may divide the examination into constituent parts
and conduct them at various times. (C)(1) The licensee shall bear the expense of the examination. If the superintendent requests, the licensee shall advance to the superintendent
the superintendent's estimate of the cost of the examination, with any unconsumed
portion to be returned to the licensee. (2) A licensee shall pay the cost of its examination conducted pursuant to this section,
or any balance of the cost of its examination in the case of a licensee that advanced
the estimated cost of its examination, within fourteen days of receiving an invoice
for payment. (D) The superintendent shall preserve the report of each examination conducted pursuant
to this section, including related correspondence received and copies of related correspondence
sent, for twenty years after the examination date.
Frequently Asked Questions About Ohio § 1315.12
What does Ohio Revised Code § 1315.12 cover?
Section 1315.12 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 § 1315.12?
A common citation format is "Ohio Revised Code § 1315.12" (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 § 1315.12 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.