Ohio Code § 1733.253
Ohio Code § 1733.253. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1733.253.
(A) As used in this section: (1) “ Revolving credit agreement ” means an agreement pursuant to which a credit union contemplates repeated transactions
and the amount of credit that may be extended pursuant to the agreement is made available
to the extent that any outstanding balance is repaid. “Revolving credit agreement” does not include an agreement secured by a residential
mortgage. (2) “Residential mortgage” has the same meaning as in section 1109.181 of the Revised Code . (B) Notwithstanding any limitations contained in sections 1733.25, 1733.251, or any other
section of the Revised Code, a credit union may charge interest, fees, and other charges
under a revolving credit agreement at the same or lower rates or amounts that a credit
union located in another state may charge its revolving credit customers in this state.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1733.253
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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Common questions
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