On Jan. 6, 2025, Reg-Track made an editorial update to change the Rule Type to Final.
On Dec. 11, OH LEG passed bill re savings linked deposit program.
OH LEG passed bill SB 257 to allow military to participate in homeownership program.
Bill amends OH LEG 1-135-135.71 (purpose of program) of the Ohio revised code.
Document dated Dec. 11, 2024, received from OH LEG Dec. 19, summarized Dec. 23.
Bill Provisions
Member of uniformed services, on active duty assignment, is resident via residency or domicile election eligible participant for homeownership savings linked deposit program
A member of the uniformed services may apply for homeownership savings account at eligible savings institution on/after date affixed to permanent change of station orders.
Legislative History
On May 1, 2024, bill was introduced in Senate; on Jun. 26, 2024, bill passed Senate.
On Jul. 2, 2024, bill was introduced in House; on Dec. 10, 2024, bill passed in House.
On Dec. 11, 2024, Senate concurred in amendments made to the bill by the House.
Effectiveness
Generally, Ohio bills without effective dates specified in bill text become effective on the 91st day following the bill's filing with the Secretary of State for final enrollment.
Dec. 2024 OH LEG Governor Approval
On Dec. 19, 2024, OH LEG reported Governor DeWine signed bill SB 257 into law.
Jan. 6, 2025 Editorial Update
On Jan. 6, 2025, Reg-Track made an editorial update to change the Rule Type to Final.
Regulators
OH LEG
Entity Types
Bank; MG Orig; Servicer; Thrift
Reference
Bill SB257, 12/11/2024; Citation: OH LEG 1-135-135.71;
