Ohio Code § 1355.07
Ohio Code § 1355.07. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 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.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1355.07
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 1355.07?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 1355.07 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 1355.07 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.