Ohio Rev. Code § 1322.02

Current with legislation from 2024 received as of August 15, 2024.
Section 1322.02 - Rules amending definitions of mortgage broker, lender, or originator; rules amending criteria for letters of exemption

The superintendent of financial institutions may, by rule, amend the definition of mortgage loan originator, mortgage broker, mortgage lender, mortgage servicer, or any other definition in section 1322.01 of the Revised Code, or the criteria for an entity to obtain a letter of exemption, or a registration or license, under this chapter, if the superintendent finds that the change is necessary to remain consistent with the purposes intended by the policy and provisions of the "Secure and Fair Enforcement for Mortgage Licensing Act of 2008," 122 Stat. 2810, 12 U.S.C. 5101.

Rules authorized by this section shall be adopted in accordance with Chapter 119. of the Revised Code.

R.C. § 1322.02

Amended by 134th General Assembly, HB 133,§1, eff. 9/1/2021.
Renumbered from § 1322.024 by 132nd General Assembly, HB 199,§1, eff. 3/23/2018.
Added by 128th General Assembly, HB 1, §101.01, eff. 10/16/2009.
See 128th General Assembly, HB 1, §745.60.