Section 1322.02 | Rules amending definitions of mortgage broker, lender, or originator; rules amending criteria for letters of exemption.
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Effective:
March 23, 2018
Legislation:
House Bill 199 - 132nd General Assembly
The superintendent of financial institutions may, by rule, amend the definition of mortgage loan originator, mortgage broker, or mortgage lender in section 1322.01 of the Revised Code, or the criteria for an entity to obtain a letter of exemption under division (B)(1) of section 1322.05 of the Revised Code, if the superintendent finds that the change is necessary to remain consistent with the purposes intended by the policy and provisions of the "Secure and Fair Enforcement for Mortgage Licensing Act of 2008," 122 Stat. 2810, 12 U.S.C. 5101.
Rules authorized by this section shall be adopted in accordance with Chapter 119. of the Revised Code.
Last updated June 22, 2021 at 2:49 PM
Available Versions of this Section
- March 22, 2013 – Senate Bill 333 - 129th General Assembly [ View March 22, 2013 Version ]
- March 23, 2018 – House Bill 199 - 132nd General Assembly [ View March 23, 2018 Version ]
- September 1, 2021 – Amended by House Bill 133 - 134th General Assembly [ View September 1, 2021 Version ]