109:4-3-22 Recommending default.

For purposes of division (B)(6) of section 1345.031 of the Revised Code, the phrase “recommending or encouraging a consumer to default” means to suggest, advise, instruct, or endorse that the consumer should fail to comply with any of the terms of a residential mortgage or any consumer transaction or revolving credit agreement.

Effective: 01/07/2007

R.C. 119.032 review dates: 12/28/2011

Promulgated Under: 119.03

Statutory Authority: 1345.05

Rule Amplifies: Chapter 1345.031(B)(6)