Section 1322.43 | Supervision of mortgage loan originator and associated persons; procedures to avoid violations.
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Effective:
March 23, 2018
Legislation:
House Bill 199 - 132nd General Assembly
No registrant and entity holding a valid letter of exemption under division (B)(1) of section 1322.05 of the Revised Code, through its operations manager or otherwise, shall fail to do either of the following:
(A) Reasonably supervise a mortgage loan originator or any other person associated with the registrant;
(B) Establish reasonable procedures designed to avoid violations of any provision of this chapter or the rules adopted under this chapter, or violations of applicable state and federal consumer and lending laws or rules, by mortgage loan originators or any other person associated with the registrant.
Last updated June 22, 2021 at 2:31 PM
Available Versions of this Section
- March 23, 2018 – Enacted by 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 ]
- September 13, 2022 – Amended by Senate Bill 264 - 134th General Assembly [ View September 13, 2022 Version ]