Ohio § 1355.06

§ 1355.06.

(A) Before providing a novel financial product or service to a consumer, a sandbox participant

shall disclose to the consumer all of the following: (1) The name and contact information of the sandbox participant, including the license

number provided by the superintendent of financial institutions pursuant to division (A) of section 1355.05 of the Revised Code ; (2) That the novel financial product or service is authorized pursuant to the regulatory

sandbox and, if applicable, that the sandbox participant does not have a license or

other authorization to generally provide products or services under state laws that

regulate a financial product or service that is outside the regulatory sandbox; (3) That the state does not endorse or recommend the novel financial product or service; (4) That the novel financial product or service is a temporary test that may be discontinued

at the end of the testing period, including the expected end date of the testing period; (5) That consumers may contact the superintendent to file complaints regarding the novel

financial product or service being tested and provide the superintendent's telephone

number and web site address where complaints may be filed. (B) The notifications prescribed by division (A) of this section shall be provided to

consumers in a clear and conspicuous form.  For internet- or application-based novel financial products or services, the sandbox

participant shall require consumers to acknowledge receipt of these notifications

before completion of a transaction. (C) The superintendent may require a sandbox participant to make additional disclosures

to consumers.  When the superintendent approves an application for entry into the regulatory sandbox,

the superintendent shall notify the sandbox participant of any additional required

disclosures.