Ohio § 1315.27
Full text of Ohio Ohio Revised Code § 1315.27, with citation guidance and answers to common questions.
§ 1315.27.
The superintendent of financial institutions shall adopt rules, in accordance with
Chapter 119. of the Revised Code, for the administration and enforcement of sections 1315.21 to 1315.30 of the Revised Code . The rules shall include, but shall not be limited to, both of the following: (A) Record-keeping requirements that require check-cashing businesses to do all of the
following: (1) Maintain a daily cash reconcilement that: (a) Summarizes daily activity; (b) Reconciles cash-on-hand at the opening of business to cash-on-hand at the close of
business; (c) Separately reflects cash received from the sale of checks, cash disbursed in cashing
of checks, redemption of returned items, bank cash deposits, and bank cash withdrawals. (2) Maintain a general ledger that: (a) Contains records of all assets, liabilities, capital, income, and expenses; (b) Is posted monthly from the original entry records; (c) Facilitates the preparation of an accurate trial balance of accounts in accordance
with generally accepted accounting practices; (d) May consolidate activity at two or more locations, provided that books of original
entries are maintained separately for each location. (3) Provide a receipt to each customer indicating the amount of the check and the fee
charged; (4) Maintain business records for at least two years. (B) Reasonable business practices of persons licensed under sections 1315.21 to 1315.28 of the Revised Code .
Frequently Asked Questions About Ohio § 1315.27
What does Ohio Revised Code § 1315.27 cover?
Section 1315.27 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 § 1315.27?
A common citation format is "Ohio Revised Code § 1315.27" (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 § 1315.27 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.