Compliance News: Ohio Reforms Mortgage Lending Laws
On December 22, 2017 Gov. John Kasich (R-OH) signed into law OH HB 199 (2017), which creates “the Ohio Residential Mortgage Lending Act for the purpose of regulating all non-depository lending secured by residential real estate, to limit the application of the current Mortgage Loan Law to unsecured loans and loans secured by other than residential real estate,…