General Assembly

132

Short Title

Enact Ohio Residential Mortgage Lending Act 
Show Long Title
Long Title To amend sections 9.02, 109.572, 1181.21, 1181.25, 1315.21, 1319.12, 1321.02, 1321.51, 1321.52, 1321.53, 1321.54, 1321.55, 1321.551, 1321.57, 1321.58, 1321.59, 1321.60, 1321.631, 1321.72, 1321.99, 1322.01, 1322.02, 1322.021, 1322.023, 1322.024, 1322.025, 1322.03, 1322.031, 1322.04, 1322.041, 1322.042, 1322.043, 1322.05, 1322.051, 1322.052, 1322.06, 1322.061, 1322.065, 1322.07, 1322.072, 1322.073, 1322.074, 1322.075, 1322.081, 1322.09, 1322.10, 1322.11, 1322.12, 1322.99, 1329.71, 1335.02, 1345.01, 1349.27, 1349.43, 1349.44, 1349.45, 1349.99, 2923.31, 4712.01, 4719.01, 4728.11, 4735.05, and 4763.03; to amend, for the purpose of adopting new section numbers as indicated in parentheses, sections 1322.02 (1322.07), 1322.021 (1322.16), 1322.023 (1322.05), 1322.024 (1322.02), 1322.025 (1322.55), 1322.03 (1322.09), 1322.031 (1322.20), 1322.04 (1322.10), 1322.041 (1322.21), 1322.042 (1322.24), 1322.043 (1322.25), 1322.05 (1322.32), 1322.051 (1322.27), 1322.052 (1322.28), 1322.06 (1322.34), 1322.061 (1322.36), 1322.065 (1322.17), 1322.07 (1322.40), 1322.072 (1322.35), 1322.073 (1322.15), 1322.074 (1322.41), 1322.075 (1322.42), 1322.081 (1322.45), 1322.09 (1322.46), 1322.10 (1322.50), 1322.101 (1322.51), 1322.11 (1322.52), and 1322.12 (1322.57); to enact new sections 1322.04 and 1322.12 and sections 1322.29, 1322.30, 1322.43, and 1322.56; and to repeal sections 1321.521, 1321.522, 1321.531, 1321.532, 1321.533, 1321.534, 1321.535, 1321.536, 1321.537, 1321.538, 1321.552, 1321.592, 1321.593, 1321.594, 1322.022, 1322.062, 1322.063, 1322.064, 1322.071, and 1322.08 of the Revised Code to create the Ohio Residential Mortgage Lending Act for the purpose of regulating all non-depository lending secured by residential real estate, to limit the application of the current Mortgage Loan Law to unsecured loans and loans secured by other than residential real estate, and to modify an exemption to the Ohio Consumer Installment Loan Act.

Version

As Enrolled

Legislation Text

View Current Version

Effective Date

March 23, 2018

Committees

Senate Insurance and Financial Institutions Committee
House Financial Institutions, Housing, and Urban Development Committee
 
 

Primary Sponsors

Louis W. Blessing III
 

Cosponsors

REPRESENTATIVES
Andrew Brenner
Rick Carfagna
Jonathan Dever
Stephen D. Hambley
Jim Hughes
Adam C. Miller
Thomas F. Patton
Tim Schaffer
Gary Scherer
William Seitz
Robert Sprague
Scott Wiggam
Ron Young
SENATORS
Bill Coley
Matt Dolan
John Eklund
Randy Gardner
Bob D. Hackett
Frank Hoagland
Jay Hottinger
Scott Oelslager
Lou Terhar
Steve Wilson
 
 
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The online versions of legislation provided on this website are not official. Enrolled bills are the final version passed by the Ohio General Assembly and presented to the Governor for signature. The official version of acts signed by the Governor are available from the Secretary of State's Office in the Continental Plaza, 180 East Broad St., Columbus.