Mandating refundable deposits on hazardous your daughter dating older man
You have a responsibility to perform your own research and cautiously apply the laws to your unique situation.If you have a legal question or concern, I only recommend contacting a licensed attorney referral service that is operated by the Ohio State Bar Association.A deposit-refund system (DRS), also known as deposit-return system or advance deposit fee, is a surcharge on a product when purchased and a rebate when it is returned.A well-known example is when container deposit legislation mandates that a refund is given when reusable packaging is returned.When the consumer returns the empty beverage container to the retail store, to a redemption center, or to a reverse vending machine, the deposit is refunded. The handling fee, which generally ranges from 1-3 cents, helps cover the cost of handling the containers.The retailer recoups the deposit from the distributor, plus an additional handling fee in most U. The costs to distributors and bottlers can be offset by the sale of scrap cans and bottles and by short-term investments made on the deposits that are collected from retailers. 339.3 Requirement to purchase flood insurance where available. Flood insurance coverage under the Act is limited to the building or mobile home and any personal property that secures a loan and not the land itself. The flood insurance requirement prescribed by § 339.3 does not apply with respect to: (a) Any state-owned property covered under a policy of self-insurance satisfactory to the Administrator of FEMA, who publishes and periodically revises the list of states falling within this exemption; (b) Property securing any loan with an original principal balance of ,000 or less and a repayment term of one year or less; or (c) Any structure that is a part of any residential property but is detached from the primary residential structure of such property and does not serve as a residence.
SOURCE: The provisions of this Part 339 appear at 80 Fed. 43249, July 21, 2015, effective October 1, 2015, except as otherwise Noted. (a) This part, except for §§ 339.6 and 339.8, applies to loans secured by buildings or mobile homes located or to be located in areas determined by the Administrator of the Federal Emergency Management Agency to have special flood hazards.Except as provided in paragraphs (a)(2) or (c) of this section, an FDIC-supervised institution, or a servicer acting on its behalf, shall require the escrow of all premiums and fees for any flood insurance required under § 339.3(a) for any designated loan secured by residential improved real estate or a mobile home that is made, increased, extended, or renewed on or after January 1, 2016, payable with the same frequency as payments on the designated loan are required to be made for the duration of the loan. (4) The FDIC-supervised institution, or a servicer acting on its behalf, shall deposit the flood insurance premiums and fees on behalf of the borrower in an escrow account.