Effective: March 23, 2018 Latest Legislation: House Bill 199 – 132nd General Assembly (A)(1) The following information is confidential: (a) Examination information, and any information leading to or arising from an examination; (b) Investigation information, and any information arising from or leading to an investigation. (2) The information described in division (A)(1) of this section […]
Effective: March 20, 2019 Latest Legislation: House Bill 489 – 132nd General Assembly No registrant, licensee, or person required to be registered or licensed under this chapter, or individual disclosed in an application as required by this chapter, shall do any of the following: (A) Obtain a certificate of registration or mortgage loan originator license […]
Effective: March 23, 2018 Latest Legislation: House Bill 199 – 132nd General Assembly (A) Except as otherwise provided in division (B) of this section, no registrant, or any member of the immediate family of an owner of a registrant, shall own or control a majority interest in an appraisal company. (B) Division (A) of this […]
Effective: March 23, 2018 Latest Legislation: House Bill 199 – 132nd General Assembly (A)(1) No registrant or licensee or person required to be registered or licensed under this chapter shall refer a buyer to any settlement service provider, including any title insurance company, that has an affiliated business arrangement with the registrant, licensee, or person […]
Effective: September 13, 2022 Latest Legislation: Senate Bill 264 – 134th General Assembly (A) No registrant and entity holding a valid letter of exemption under this chapter, through its operations manager or otherwise, shall fail to do either of the following: (1) Reasonably supervise a mortgage loan originator or any other person associated with the […]
Effective: March 23, 2018 Latest Legislation: House Bill 199 – 132nd General Assembly (A) A registrant, a licensee, and any person required to be registered or licensed under this chapter, in addition to duties imposed by other statutes or common law, shall do all of the following: (1) Safeguard and account for any money handled […]
Effective: March 23, 2018 Latest Legislation: House Bill 199 – 132nd General Assembly (A) A registrant or mortgage loan originator shall disclose in any printed, televised, broadcast, electronically transmitted, or published advertisement relating to the registrant’s or mortgage loan originator’s services, including on any electronic site accessible through the internet, the business name of the […]
Effective: September 1, 2021 Latest Legislation: House Bill 133 – 134th General Assembly (A) After notice and opportunity for a hearing conducted in accordance with Chapter 119. of the Revised Code, the superintendent of financial institutions may do the following: (1) Suspend, revoke, or refuse to issue or renew a certificate of registration, license, or […]
Effective: March 23, 2018 Latest Legislation: House Bill 199 – 132nd General Assembly On receipt of a notice pursuant to section 3123.43 of the Revised Code, the division of financial institutions shall comply with sections 3123.41 to 3123.50 of the Revised Code and any applicable rules adopted under section 3123.63 of the Revised Code with […]
Effective: September 1, 2021 Latest Legislation: House Bill 133 – 134th General Assembly (A)(1) A buyer injured by a violation of section 1322.07, 1322.40, or 1322.46 of the Revised Code may bring an action for recovery of damages. (2) Damages awarded under division (A)(1) of this section shall not be less than all compensation paid […]
Effective: March 23, 2018 Latest Legislation: House Bill 199 – 132nd General Assembly (A) Notwithstanding any provision of this chapter, or any rule adopted thereunder, if the “Secure and Fair Enforcement for Mortgage Licensing Act of 2008,” 122 Stat. 2810, 12 U.S.C. 5101, as amended, is modified after October 16, 2009, or any regulation, statement, […]
Effective: March 23, 2018 Latest Legislation: House Bill 199 – 132nd General Assembly The superintendent of financial institutions may adopt, in accordance with Chapter 119. of the Revised Code, any rule necessary to comply with the requirements of the nationwide mortgage licensing system and registry, including requirements pertaining to all of the following: (A) Payment […]
Effective: March 23, 2018 Latest Legislation: House Bill 199 – 132nd General Assembly The superintendent of financial institutions, in accordance with Chapter 119. of the Revised Code, may adopt reasonable rules to administer and enforce this chapter and to carry out the purposes of this chapter. Last updated May 28, 2021 at 5:18 PM
Effective: March 23, 2018 Latest Legislation: House Bill 199 – 132nd General Assembly (A)(1) Whoever violates division (A) of section 1322.07 or division (E), (F), or (G) of section 1322.40 of the Revised Code is guilty of a felony of the fifth degree. (2) Whoever violates division (B) of section 1322.07 of the Revised Code […]
