Ohio Administrative Code|Rule 1301:1-3-02 | Real estate lending standards.

                                                
(A) Each state bank shall adopt and
		  maintain written policies that establish appropriate limits and standards for
		  extensions of credit that are secured by liens on or interests in real estate,
		  or that are made for the purpose of financing permanent improvements to real
		  estate.
(B)  
(1) Real estate lending policies
			 adopted pursuant to this rule shall be all of the following:
(a) Consistent with safe and sound
				banking practices;
(b) Appropriate to the size of the
				institution and the nature and scope of its operations;
(c) Reviewed and approved by the
				state bank's board of directors at least annually.
(2) Real estate lending policies
			 shall establish all of the following:
(a) Loan portfolio diversification
				standards;
(b) Prudent underwriting standards,
				including loan-to-value limits, that are clear and measurable;
(c) Loan administration procedures
				for the state bank's real estate portfolio;
(d) Documentation, approval, and
				reporting requirements to monitor compliance with the state bank's real
				estate lending policies.
(C) Each state bank shall monitor
		  conditions in the real estate market in its lending area to ensure that its
		  real estate lending policies continue to be appropriate for current market
		  conditions.
(D) The real estate lending policies
		  adopted pursuant to this rule should reflect consideration of any
		  administrative guidelines for real estate lending policies the superintendent
		  may adopt pursuant to division (B) of section 1121.03 of the Revised
		  Code.