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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 5301.233 | Mortgage may secure unpaid balances of advances made.

Ohio Revised Code
/
Title 53 Real Property
/
Chapter 5301 Conveyances; Encumbrances
 
Effective:
March 18, 1969
Latest Legislation:
House Bill 1 - 108th General Assembly
PDF:
Download Authenticated PDF
 

In addition to any other debt or obligation, a mortgage may secure unpaid balances of advances made, with respect to the mortgaged premises, for the payment of taxes, assessments, insurance premiums, or costs incurred for the protection of the mortgaged premises, if such mortgage states that it shall secure such unpaid balances. A mortgage complying with this section is a lien on the premises described therein from the time such mortgage is delivered to the recorder for record for the full amount of the unpaid balances of such advances that are made under such mortgage, plus interest thereon, regardless of the time when such advances are made.

Available Versions of this Section