Ohio Administrative Code|Rule 1301:8-5-03 | Notifications.

                                                
(A) The notification referenced in
		  division (A) of section 4727.04 of the Revised Code concerning a pending move
		  of a licensee's business location shall be delivered to the superintendent
		  of financial institutions in writing.
(B) The notification referenced in
		  division (C) of section 4727.04 of the Revised Code concerning changes to a
		  licensee's posted hours of operation shall be delivered to the
		  superintendent in writing at least five calendar days prior to the effective
		  date of the changes.
(C) The notification referenced in
		  division (H) of section 4727.03 of the Revised Code concerning the surrender or
		  non-renewal of a licensee's license shall be delivered to the
		  superintendent in writing. The notice shall state whether the licensee intends
		  to dispose of active loans or reduce the rate of interest on such loans. If the
		  licensee intends to dispose of the loans, the notice shall state the name and
		  address of the licensee to whom the loans will be sold, transferred or
		  assigned. The notice shall indicate whether the licensee intends to continue to
		  operate another business from the current pawnbroker location and the nature of
		  that business.
(D) If a licensee intends to dispose of
		  an active loan, the licensee shall notify the pledgor or seller in writing of
		  the name and address of the licensee to whom the loan will be sold,
		  transferred, or assigned. This notice must be delivered to the pledgor or
		  seller at least ten business days prior to the sale, transfer, or assignment of
		  the loan. Licensees must be able to provide documentation satisfactory to the
		  superintendent of financial institutions that this notice was provided to the
		  pledgor or seller.
(E) For each place of business at which a
		  licensee transacts pawnbroker business, a licensee shall notify the division,
		  at the time of an original application or renewal application, of the name of
		  the employee, as defined in paragraph (E) of rule 1301:8-5-08 of the
		  Administrative Code, who is designated to comply with the continuing education
		  requirements set forth in division (A) of section 4727.19 of the Revised Code.
		  If the licensee determines that the designated employee is unable to meet those
		  requirements, the licensee shall designate a new employee for that place of
		  business and shall, within thirty days of the licensee's determination
		  that the originally designated employee is unable to meet the continuing
		  education requirements, notify the division of financial institutions in
		  writing of the change. A designated employee shall be considered unable to meet
		  the continuing education requirements for any of the following
		  reasons:
(1) The employee is no longer employed by the
		  licensee; 
(2) The employee is prevented from complying with
		  this rule due to active duty in the armed forces as defined in section 5903.01
		  of the Revised Code;
(3) The employee is prevented from complying due
		  to serious illness or the serious illness of an immediate family member;
		  or
(4) The superintendent approves the designation
		  of a new employee for reasons not listed in this rule, under the following
		  circumstances:
(1) The request is
			 submitted in writing by the licensee within thirty days of the licensee's
			 determination that circumstances warrant the designation of a new employee to
			 meet the education requirements; and
(2) The request
			 demonstrates good cause for the change in the designated employee.
(F) If the information contained in an
		  application for a pawnbroker license becomes inaccurate for any material reason
		  before or after the applicant becomes licensed, the applicant shall be
		  responsible for correcting the inaccurate information in writing within
		  fourteen days of the change unless otherwise required by Chapter 4727. of the
		  Revised Code or this chapter.
(G) The written notifications prescribed
		  by this rule may be delivered by postal mail, in person, via electronic mail,
		  or via facsimile.