The Ohio Division of Financial Institutions posted the second Alert regarding bank partnership on its website. Last week the Division posted new “Bank Partnership Guidance.” In December the Division posted a bank partnership Alert that it subsequently removed… Read More
Month: January 2025
Ohio Regulator Publishes New Bank Partnership Guidance
Today, the Ohio Division of Financial Institutions posted on its website a new “Bank Partnership Guidance” interpreting the Ohio Small Loan Act (“SLA”) to apply to nonbank entities that arrange for or broker any bank loan of $5,000 or less. This new Guidance comes in the wake of the Division’s publication…Read More