On December 22, 2017 Gov. John Kasich (R-OH) signed into law OH HB 199 (2017), which creates “the Ohio Residential Mortgage Lending Act for the purpose of regulating all non-depository lending secured by residential real estate, to limit the application of the current Mortgage Loan Law to unsecured loans and loans secured by other than residential real estate, and to modify an exemption to the Ohio Consumer Installment Loan Act.” (https://www.legislature.ohio.gov/legislation/legislation-summary?id=GA132-HB-199) This bill takes effect 90 days after it has been filed with the Ohio Secretary of State, per Ohio Const. art. II, § 1C (no date has been set yet, but it should be a short time after March 22, 2018).
We are currently reviewing this change to determine any impact to our document library and/or systems and evaluating any necessary changes. Any modifications we make will be announced on our website (http://blog.docutechcorp.com/category/document-updates).