The purpose of this article is to examine Ohio's scheme for regulating service corporations. This examination includes the history of service corporation regulation in Ohio, the scope of permissible business activities of these corporations, investment limitations for parent savings associations and the supervisory authority of the Ohio Division of Building and Loan Associations [Division]. Perhaps this article will also provide a useful vehicle for judging whether the risks perceived by the GAO and FHLBB can arise from a single state's regulatory scheme for service corporations. It must be remembered that any such risks inherent in Ohio's scheme threaten not only the FSLIC system, but also this state's separate Ohio Deposit Guarantee Fund. A brief review of the history of service corporations of both the federal and Ohio associations is necessary before beginning this examination of the Ohio service corporations.
Alexander, Ronald E.
"Savings and Loan Service Corporations: Regulations in Ohio,"
Akron Law Review: Vol. 13:
3, Article 1.
Available at: https://ideaexchange.uakron.edu/akronlawreview/vol13/iss3/1