| Duties of Lending Institution on Receipt of Rc 135.805 Certificate.

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Effective: March 30, 2007

Latest Legislation: House Bill 293 - 126th General Assembly

Upon placement of a certificate of deposit with an eligible lending institution pursuant to an agreement described in section 135.805 of the Revised Code, the eligible lending institution shall do both of the following:

(A) Lend funds pursuant to the agreement to an eligible borrower;

(B) Comply fully with the requirements of sections 135.804 to 135.807 of the Revised Code.


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