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2020 Ohio Revised Code
Title 13 | Commercial Transactions
Chapter 1322 | Ohio Residential Mortgage Lending Act (Rmla)
Section 1322.43 | Supervision of Mortgage Loan Originator and Associated Persons; Procedures to Avoid Violations.
Universal Citation: Ohio Rev Code § 1322.43 (2020)
Effective: March 23, 2018
Latest Legislation: House Bill 199 - 132nd General Assembly
No registrant and entity holding a valid letter of exemption under division (B)(1) of section 1322.05 of the Revised Code, through its operations manager or otherwise, shall fail to do either of the following:
(A) Reasonably supervise a mortgage loan originator or any other person associated with the registrant;
(B) Establish reasonable procedures designed to avoid violations of any provision of this chapter or the rules adopted under this chapter, or violations of applicable state and federal consumer and lending laws or rules, by mortgage loan originators or any other person associated with the registrant.
Last updated June 22, 2021 at 2:31 PM
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