Ohio Rev. Code § 1319.09

Current with legislation from 2024 received as of May 9, 2024.
Section 1319.09 - Loans without nonrecourse loan provisions

Section 1319.08 of the Revised Code does not prohibit a loan that is secured by a mortgage on real property located in this state from being fully recourse to the borrower or guarantor, including, but not limited to, as a result of a postclosing solvency covenant, if the loan documents for that loan do not contain nonrecourse loan provisions.

R.C. §1319.09

Added by 129th General AssemblyFile No.201,HB 479, §1, eff. 3/27/2013.