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40 chapters · 1,486 sections in this title.
Ohio Rev. Code Ann. § 1349.21 Disbursing from an escrow account
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No escrow or closing agent knowingly shall make, in an escrow transaction, a disbursement from an escrow account on behalf of another person, unless the following conditions are met: (A) The funds necessary for the disbursement: (1) Have been transferred electronically to or depo…
Ohio Rev. Code Ann. § 1349.22 Advancing funds for incidental fees
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Nothing in section 1349.21 of the Revised Code prohibits an escrow or closing agent from advancing funds not exceeding one thousand dollars from an escrow account or otherwise on behalf of a party to an escrow transaction for the purpose of paying incidental fees, such as conveya…
Ohio Rev. Code Ann. § 1349.25 Covered loan definitions
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As used in sections 1349.25 to 1349.37 of the Revised Code: (A) "Actuarial method" means the method of allocating payments made on a debt between the amount financed and the finance charge pursuant to which a payment is applied first to the accumulated finance charge and any rema…
Ohio Rev. Code Ann. § 1349.26 Disclosures of creditor concerning covered loans
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(A) A creditor shall provide, for each covered loan, both of the following disclosures. The disclosures shall be in conspicuous type size and be in substantially the following form: (1) "You are not required to complete this agreement merely because you have received these disclo…