Section 2308.03 | Securing and protecting vacant and abandoned property.
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Effective:
September 28, 2016
Legislation:
House Bill 390 - 131st General Assembly
(A) Except as otherwise provided in division (B) of this section, if a residential property is found to be vacant and abandoned under section 2308.02 of the Revised Code, a mortgagee on the residential property may enter that property to secure and protect it from damage.
(B) A mortgagee that has not filed a residential mortgage loan foreclosure action on a property for which the mortgagee holds a mortgage may enter and secure that property only if the mortgage contract or other documents provide for such an entry.
(C) The equitable and statutory rights to redemption of a mortgage on a property found to be vacant and abandoned pursuant to section 2308.02 of the Revised Code expire upon the confirmation of sale of the property.
Available Versions of this Section
- September 28, 2016 – House Bill 390 - 131st General Assembly [ View September 28, 2016 Version ]
- April 6, 2017 – House Bill 463 - 131st General Assembly [ View April 6, 2017 Version ]