Ohio § 1355.07
Full text of Ohio Ohio Revised Code § 1355.07, with citation guidance and answers to common questions.
§ 1355.07.
(A) Not less than thirty days before the end of a sandbox participant's testing period,
the sandbox participant shall do either of the following: (1) Notify the superintendent of financial institutions that the sandbox participant
will exit the regulatory sandbox, wind down its test, and cease offering the novel
financial product or service in the regulatory sandbox within sixty days of the end
of the testing period; (2) Seek an extension pursuant to section 1355.08 of the Revised Code to pursue a license or other authorization required by law. (B) If the superintendent does not receive notification pursuant to division (A) of this
section, the regulatory sandbox testing period ends at the expiration of the time
period designated by the superintendent pursuant to division (C) of section 1355.05 of the Revised Code , and the sandbox participant shall immediately cease offering novel financial products
or services. (C) If a test includes offering products or services that require ongoing duties, such
as servicing a loan, the sandbox participant shall continue to fulfill those duties
or arrange for another person to fulfill those duties after the date the sandbox participant
exits the regulatory sandbox.
Frequently Asked Questions About Ohio § 1355.07
What does Ohio Revised Code § 1355.07 cover?
Section 1355.07 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 § 1355.07?
A common citation format is "Ohio Revised Code § 1355.07" (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 § 1355.07 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.