An appellate panel rejected a request for bail today by former Old Court Savings & Loan president Jeffrey A. Levitt and his wife Karol, ordering the couple jailed instead.

Barring extraordinary action from the state's highest court, Jeffrey Levitt, sentenced to 18 months for violating a court-imposed spending limit, is to report to the sheriff's department at 9 a.m. Wednesday. Karol Levitt, sentenced for the same reason to serve 15 weekends, is to report to the city jail late Friday afternoon.

The Levitts are among defendants in a $200 million civil suit brought by the state alleging mismanagement of Old Court funds. In September, Baltimore Circuit Court Judge Joseph H.H. Kaplan issued an order restricting the Levitts' spending to $1,000 a week. Kaplan wrote the order to preserve the couple's assets so they could be taken if the state should win its suit.

The Levitts were convicted of contempt of court Jan. 8. In its action today, the Court of Special Appeals, the state's second highest court, refused to allow them to remain free on bond while they appeal those convictions.

The Levitts immediately turned to the Court of Appeals, seeking a review of the constitutionality of the court orders they were convicted of violating and a stay of their sentences.

That request is the Levitts' sixth appeal for a stay of sentence in a week. The Levitts were originally scheduled to report to jail Friday.

In a court hearing two weeks ago, the Levitts admitted spending hundreds of thousands of dollars on such items as jewelry, country club memberships and business ventures this fall.

But the Levitts contend that the order on spending is unconstitutional because there has been no decision in the civil suit.

The Levitts were fined $200,000 for their contempt of court convictions, and have asked for a 30-day extension to come up with the money. Kaplan has not yet issued a decision on that request.

Jeffrey Levitt posted $2 million bond earlier this month, after he was indicted in criminal court on charges he stole $14.6 million from Old Court and another thrift.