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ACTION: OriginalDATE: 12/29/2011 4:30 PMRule Summary and Fiscal Analysis (Part A) Department of Commerce Agency NameDivision of Financial Institutions: Credit UnionsMatt K. WalkerDivisionContact77
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Proposed rules by the Ohio Department are regulatory changes or new regulations that are suggested for implementation by the department to address specific issues or improve existing processes.
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State agencies and departments that seek to implement new regulations or modify existing ones are required to file proposed rules with the Ohio Department.
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To fill out proposed rules, one must complete the prescribed form provided by the Ohio Department, ensuring all required information is accurately included, such as the purpose of the rule, its anticipated impact, and compliance measures.
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The purpose of proposed rules is to establish new regulations, modify existing ones, and ensure compliance with state and federal laws, often aimed at protecting public health, safety, and welfare.
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The information that must be reported includes the text of the proposed rule, a statement of purpose, a fiscal impact analysis, and any comments received during public hearings.
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