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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 1349.22 | Advancing funds for incidental fees.

Ohio Revised Code
/
Title 13 Commercial Transactions
/
Chapter 1349 Consumer Protection
 
Effective:
January 1, 1996
Latest Legislation:
House Bill 117 - 121st General Assembly
PDF:
Download Authenticated PDF
 

Nothing in section 1349.21 of the Revised Code prohibits an escrow or closing agent from advancing funds not exceeding one thousand dollars from an escrow account or otherwise on behalf of a party to an escrow transaction for the purpose of paying incidental fees, such as conveyance and recording fees, in order to effect and close the sale, purchase, exchange, transfer, encumbrance, or lease of residential real property that is the subject of the escrow transaction.

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