Ohio Revised Code § 1319.09 - Loans Without Nonrecourse Loan Provisions.

Section 1319.08 of the Revised Code does not prohibit a loan that is secured by a mortgage on real property located in this state from being fully recourse to the borrower or guarantor, including, but not limited to, as a result of a postclosing solvency covenant, if the loan documents for that loan do not contain nonrecourse loan provisions.

Added by 129th General AssemblyFile No.201, HB 479, ยง1, eff. 3/27/2013.

Section: Previous  1319.01  1319.02  1319.02-to-1319.05  1319.06  1319.07  1319.08  1319.09  1319.10  1319.11  1319.12  1319.13-to-1319.15  1319.16  1319.17-to-1319.19-1319.99    Next

Last modified: October 10, 2016