2011 Ohio Revised Code
Title [21] XXI COURTS - PROBATE - JUVENILE
Chapter 2109: FIDUCIARIES
2109.20 [Effective Until1/13/2012] Guardian may give real estate mortgage to secure bond.

Instead of the sureties required on his bond by section 2109.04 of the Revised Code, a guardian of the person and estate or of the estate only of any ward may execute to the ward a mortgage upon unencumbered real estate. The guardian first shall furnish to the probate court a title guarantee or a mortgagee’s title insurance policy for the benefit of the guardianship, with respect to the real estate, and it shall be shown to the court’s satisfaction that, exclusive of improvements on the real estate, the real estate is of a value sufficient to secure the bond. The mortgage shall be recorded in the county in which the property is situated and filed with the court.

Effective Date: 10-08-1992

This section is set out twice. See also § 2109.20, as amended by 129th General Assembly File No. 52, SB 124, § 1, eff. 1/13/2012.

2109.20 [Effective1/13/2012] Guardian may give real property mortgage to secure bond

Instead of the sureties required on a guardian’s bond by section 2109.04 of the Revised Code, a guardian of the person and estate or of the estate only of any ward may execute to the ward a mortgage upon unencumbered real property. The guardian first shall furnish to the probate court a title guarantee or a mortgagee’s title insurance policy for the benefit of the guardianship, with respect to the real property, and it shall be shown to the court’s satisfaction that, exclusive of improvements on the real property, the real property is of a value sufficient to secure the bond. The mortgage shall be recorded in the county in which the property is situated and filed with the court.

Amended by 129th General Assembly File No. 52, SB 124, § 1, eff. 1/13/2012.

Effective Date: 10-08-1992

This section is set out twice. See also § 2109.20, effective until 1/13/2012.