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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 3953.35 | Prohibited conduct regarding loans of $75,000 or less.

Ohio Revised Code
/
Title 39 Insurance
/
Chapter 3953 Title Insurance
 
Effective:
January 1, 2007
Latest Legislation:
Senate Bill 185 - 126th General Assembly
PDF:
Download Authenticated PDF
 

(A) No title insurance agent shall do any of the following in connection with a mortgage loan of seventy-five thousand dollars or less:

(1) Knowingly coerce or wrongfully instruct the consumer to enter into the loan;

(2) Knowingly fail to disclose to the consumer that the consumer does not have to close on the loan;

(3) Knowingly make a material misrepresentation to the consumer regarding the terms of the loan.

(B) A violation of this section is deemed an unfair and deceptive act or practice in violation of section 1345.02 of the Revised Code.

Last updated April 7, 2022 at 2:37 PM

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