ORS 1345.05(A)(4) requires the Ohio Attorney General to publish a disclosure that describes acts and practices in connection with residential mortgages that are unfair, deceptive, or unconscionable and to make such disclosure available on its website. Subsection (G) of the same section requires lenders to make this disclosure available to consumers that are applying for a mortgage loan.
As expected on a yearly basis, the Ohio Attorney General has published an updated version of this disclosure (located here) to include the new criterion for 2019. As a result, we will be modifying Cx11195, which is a duplicate of the Informational Form, by removing the last bullet point sentence containing the information that pertains to limitations on prepayment penalties and amounts.
This change will be in effect on January 16, 2019. If you have any questions or concerns about this change, please contact Client Support at 1.800.497.3584.
DR 280713