Ohio Revised Code Chapter 1322 - Mortgage Brokers, Loan Officers
- Section 1322.01 - Mortgage Brokers - Loan Officers Definitions.
As used in sections 1322.01 to 1322.12 of the Revised Code: (A) "Buyer" means an individual who is solicited to purchase or who purchases...
- Section 1322.02 - Mortgage Broker Certification Of Registration - Loan Officer License.
(A) (1) No person, on the person's own behalf or on behalf of any other person, shall act as a mortgage broker without first...
- Section 1322.021 - Notification Of Transfers Of Ownership Interests.
(A) A registrant that is a corporation, limited liability company, partnership, trust, or other business entity or association shall notify the division of financial...
- Section 1322.022 - Mortgage Banker Application For Exemption; Fee.
(A) A mortgage banker seeking exemption from registration pursuant to division (G)(2)(h) of section 1322.01 of the Revised Code shall submit an application to...
- Section 1322.023 - Credit Union Service Organization Application For Exemption; Fee.
(A) A credit union service organization seeking exemption from registration pursuant to division (G)(2)(j) of section 1322.01 of the Revised Code shall submit an...
- Section 1322.024 - Scope Of Rules.
The superintendent of financial institutions may, by rule, expand the definition of loan originator or mortgage broker in section 1322.01 of the Revised Code...
- Section 1322.025 - Adoption Of Rules.
(A) Notwithstanding any provision of sections 1322.01 to 1322.12 of the Revised Code, or any rule adopted thereunder, if the "Secure and Fair Enforcement...
- Section 1322.03 - Application For Certificate Of Registration.
(A) An application for a certificate of registration as a mortgage broker shall be in writing, under oath, and in the form prescribed by...
- Section 1322.031 - Application For Loan Officer License.
(A) An application for a license as a loan originator shall be in writing, under oath, and in the form prescribed by the superintendent...
- Section 1322.04 - Conditions For Issuing Certificate Of Registration.
(A) Upon the conclusion of the investigation required under division (B) of section 1322.03 of the Revised Code, the superintendent of financial institutions shall...
- Section 1322.041 - Conditions For Issuing Loan Officer License.
(A) Upon the conclusion of the investigation required under division (D) of section 1322.031 of the Revised Code, the superintendent of financial institutions shall...
- Section 1322.042 - Temporary Loan Originator License For Out-of-state Loan Originator.
(A) As used in this section: (1) "Out-of-state loan originator" means an individual to whom both of the following apply: (a) The individual holds...
- Section 1322.043 - Adoption Of Rules To Conform To Federal Law Regarding Temporary Licenses For Registered Loan Originators.
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 the...
- Section 1322.05 - Corporate Surety Bond Required.
(A) (1) No registrant shall conduct business in this state, unless the registrant has obtained and maintains in effect at all times a corporate...
- Section 1322.051 - Examinations For Operations Manager And Loan Officer For Mortgage Broker Business.
Each person designated under division (A)(3) of section 1322.03 of the Revised Code to act as operations manager for a mortgage broker business and...
- Section 1322.052 - Continuing Education For Operations Manager.
(A) Each licensee and each person designated under division (A)(3) of section 1322.03 of the Revised Code to act as operations manager for a...
- Section 1322.06 - Examination And Maintenance Of Records.
(A) As often as the superintendent of financial institutions considers it necessary, the superintendent may examine the registrant's or licensee's records, including all records...
- Section 1322.061 - Privileged And Confidential Information - Public Records.
(A) (1) The following information is confidential: (a) Examination information, and any information leading to or arising from an examination; (b) Investigation information, and...
- Section 1322.062 - Mortgage Loan Origination Disclosure Statement - Credit And Settlement Disclosures.
(A) (1) Within three business days after taking an application for a residential mortgage loan from a buyer, a registrant or licensee shall deliver...
- Section 1322.063 - Property Tax Escrow And Monthly Payment Disclosure.
(A) In addition to the disclosures required under section 1322.062 of the Revised Code, a registrant or licensee shall, not later than three business...
- Section 1322.064 - Timely Disclosure Of Material Changes In Terms.
(A) No registrant or licensee shall fail to do either of the following: (1) Timely inform the buyer of any material change in the...
- Section 1322.065 - Mortgage Brokers Registered Solely To Sell Leads Or To Match Buyers.
A person registered as a mortgage broker solely to sell leads of potential buyers to residential mortgage lenders or mortgage brokers, or solely to...
- Section 1322.07 - Prohibited Acts.
No registrant, licensee, person required to be registered or licensed under sections 1322.01 to 1322.12 of the Revised Code, or individual disclosed in an...
- Section 1322.071 - Prohibited Conduct.
(A) As used in this section, "bona fide third party" has the same meaning as in section 1322.08 of the Revised Code. (B) No...
- Section 1322.072 - Obstructing Examination Or Investigation By Superintendent Of Financial Institutions.
No person, in connection with any examination or investigation conducted by the superintendent of financial institutions under sections 1322.01 to 1322.12 of the Revised...
- Section 1322.073 - Obfuscation Or Concealment Of True Ownership Or Control.
No person shall acquire, sell, transfer, or hypothecate any interest in a registrant or an applicant for a certificate of registration in order to...
- Section 1322.074 - Prohibited Interest In Appraisal Company.
(A) Except as otherwise provided in division (B) of this section, no registrant, or any member of the immediate family of an owner of...
- Section 1322.075 - Conflict Of Interest Disclosure Regarding Referrals.
(A) No registrant or licensee or person required to be registered or licensed under sections 1322.01 to 1322.12 of the Revised Code shall refer...
- Section 1322.08 - Receiving Fees After All Services Performed.
(A) No registrant shall fail to do any of the following: (1) Maintain a special account; (2) Deposit into the registrant's special account any...
- Section 1322.081 - Additional Duties Of Brokers And Loan Officers.
(A) A registrant, licensee, and any person required to be registered or licensed under sections 1322.01 to 1322.12 of the Revised Code, in addition...
- Section 1322.09 - Including Registration Number In Advertising.
(A) A mortgage broker or loan originator shall disclose in any printed, televised, broadcast, electronically transmitted, or published advertisement relating to the mortgage broker's...
- Section 1322.10 - Disciplinary Actions.
(A) After notice and opportunity for a hearing conducted in accordance with Chapter 119. of the Revised Code, the superintendent of financial institutions may...
- Section 1322.101 - Effect Of Child Support Default On License Or Certificate.
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...
- Section 1322.11 - Buyer's Actions - Injunctive Relief - Criminal Proceedings.
(A) (1) A buyer injured by a violation of section 1322.02, 1322.062, 1322.063, 1322.064, 1322.07, 1322.071, 1322.08, or 1322.09 of the Revised Code may...
- Section 1322.12 - Administrative Rules.
The superintendent of financial institutions, in accordance with Chapter 119. of the Revised Code, may adopt reasonable rules to administer and enforce sections 1322.01...
- Section 1322.99 - Penalty.
(A) Whoever violates division (A)(1) or (2) of section 1322.02, division (E), (F), or (G) of section 1322.07, division (B)(1) or (2) of section...
Last modified: October 10, 2016