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Ohio Revised Code

Ohio Rev. Code § 1109.15 (2026)

Permitted transactions

✓ current as of May 2026

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Effective:

January 1, 2018

Latest Legislation:

House Bill 49 - 132nd General Assembly

PDF:

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(A)(1) Subject to the restrictions and limitations of the Revised Code, a state bank may do any of the following:

(a) Loan money, with or without security, and payable on demand, at maturity, in installments, or by any combination of these;

(b) Issue, advise, and confirm letters of credit authorizing the beneficiaries of the letters to draw upon the bank or its correspondents;

(c) Purchase open accounts, whether or not the accounts represent an evidence of debt.

(2) Subject to the margin requirements the superintendent of financial institutions may prescribe by rule, a state bank may make loans secured by stocks, bonds, or other securities.

(B) Subject to sections 1109.22, 1109.32, and 1109.47 of the Revised Code and any rules the superintendent prescribes, a state bank may purchase obligations of any kind with or without recourse.

(C) A state bank may acquire personal property for lease to others, if the transaction, as a whole, has the character of an extension of credit.

(D)(1) Subject to division (D)(2) of this section, any other restrictions and limitations of the Revised Code, and any conditions, restrictions, or requirements established by the superintendent, a state bank may enter into a debt suspension agreement or debt cancellation contract with a borrower or borrowers in connection with any loan or extension of credit.

(2) A state bank shall not offer or finance, directly or indirectly, a debt suspension agreement or debt cancellation contract requiring a lump sum, single payment for the agreement or contract payable at the outset of the agreement or contract, if the debt subject to the agreement or contract is secured by one to four family, residential real property.

(3) For purposes of division (D) of this section, "debt cancellation contract" and "debt suspension agreement" have the same meanings as in 12 C.F.R part 37, as amended.

Notes of Decisions

Cited in 6 cases (1 in the last 5 years), 2006–2025 · leading case: Groob v. KeyBank, 843 N.E.2d 1170 (Ohio 2006).

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Groob v. KeyBank, 843 N.E.2d 1170 (Ohio 2006). · cites it 3× “15(D), which states, “Unless otherwise expressly agreed in writing, the relationship between a bank and its obligor, with respect to any extension of credit, is that of a creditor and debtor, and creates no fiduciary duty or other relationship between the parties.”

Montoya v. PNC Bank, N.A., 94 F. Supp. 3d 1293 (S.D. Fla. 2015). · cites it 3× “]” Ohio Rev.Code Ann. § 1109.15(E) (emphasis added).”

McNerney v. Rescap Borrower Claims Trust (In re Residential Capital, LLC), 563 B.R. 477 (S.D.N.Y. 2016). “Ohio Rev. Code Ann. § 1109.15 (E) (“Unless otherwise expressly agreed in writing, the relationship between a bank and its obli-gor, with respect to any extension of credit, is that of a creditor and debtor, and creates no fiduciary or other relationship between the parties.”

Lawarre v. Fifth Third Secs., Inc., 2012 Ohio 4016 (Ohio Ct. App. 2012). · cites it 2× “15(D), which provides that “[u]nless otherwise expressly agreed in writing, the relationship between a bank and its obligor, with respect to any extension of credit, is that of a creditor and debtor, and creates no fiduciary or other relationship between the parties.”

Branson v. Fifth Third Bank, N.A., 2025 Ohio 4396 (Ohio Ct. App. 2025). “at ¶ 22, citing former R.C. 1109.15(D). This section states, Unless otherwise expressly agreed to in writing by the bank, the relationship between a bank and its obligor, or a bank and its customer, creates no fiduciary or other relationship between the parties or any special…”

Watson v. Chase Home Fin., L.L.C., 2014 Ohio 4018 (Ohio Ct. App. 2014). · cites it 2× “” {¶26} Appellant’s Amended Complaint alleges only a creditor-debtor relationship.”

— Ohio Rev. Code § 1109.15(D) — 4 cases

Groob v. KeyBank, 843 N.E.2d 1170 (Ohio 2006). “15(D), which states, “Unless otherwise expressly agreed in writing, the relationship between a bank and its obligor, with respect to any extension of credit, is that of a creditor and debtor, and creates no fiduciary duty or other relationship between the parties.”

Lawarre v. Fifth Third Secs., Inc., 2012 Ohio 4016 (Ohio Ct. App. 2012). “15(D), which provides that “[u]nless otherwise expressly agreed in writing, the relationship between a bank and its obligor, with respect to any extension of credit, is that of a creditor and debtor, and creates no fiduciary or other relationship between the parties.”

Branson v. Fifth Third Bank, N.A., 2025 Ohio 4396 (Ohio Ct. App. 2025). “at ¶ 22, citing former R.C. 1109.15(D). This section states, Unless otherwise expressly agreed to in writing by the bank, the relationship between a bank and its obligor, or a bank and its customer, creates no fiduciary or other relationship between the parties or any special…”

Watson v. Chase Home Fin., L.L.C., 2014 Ohio 4018 (Ohio Ct. App. 2014). “” {¶26} Appellant’s Amended Complaint alleges only a creditor-debtor relationship.”

— Ohio Rev. Code § 1109.15(E) — 3 cases

Montoya v. PNC Bank, N.A., 94 F. Supp. 3d 1293 (S.D. Fla. 2015). “]” Ohio Rev.Code Ann. § 1109.15(E) (emphasis added).”

Lawarre v. Fifth Third Secs., Inc., 2012 Ohio 4016 (Ohio Ct. App. 2012). “15(D), which provides that “[u]nless otherwise expressly agreed in writing, the relationship between a bank and its obligor, with respect to any extension of credit, is that of a creditor and debtor, and creates no fiduciary or other relationship between the parties.”

Watson v. Chase Home Fin., L.L.C., 2014 Ohio 4018 (Ohio Ct. App. 2014). “” {¶26} Appellant’s Amended Complaint alleges only a creditor-debtor relationship.”

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