Ohio Revised Code § 3953.35 - Prohibited Conduct Regarding Loans Of Seventy-five Thousand Dollars Or Less.

(A) No title insurance agent shall do any of the following in connection with a mortgage loan of seventy-five thousand dollars or less:

(1) Knowingly coerce or wrongfully instruct the consumer to enter into the loan;

(2) Knowingly fail to disclose to the consumer that the consumer does not have to close on the loan;

(3) Knowingly make a material misrepresentation to the consumer regarding the terms of the loan.

(B) A violation of this section is deemed an unfair and deceptive act or practice in violation of section 1345.02 of the Revised Code.

Effective Date: 01-01-2007

Section: Previous  3953.21  3953.22  3953.23  3953.231  3953.24  3953.25  3953.26  3953.27  3953.28  3953.29  3953.30  3953.32  3953.33  3953.35  

Last modified: October 10, 2016