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Home » Store » Taxable » Ohio Bill Raises the Stakes of State Predatory Lending Laws

Ohio Bill Raises the Stakes of State Predatory Lending Laws

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Lawmakers in Ohio have raised the bar for state predatory lending statutes with a bill that would impose significant new responsibilities on loan officers and mortgage brokers. As Inside B&C Lending went to press, Ohio’s Republican Governor, Bob Taft, appeared set to sign SB 185, a bill that amends the state’s Consumer Sales Practices Act, broadening its licensing standards, placing new limits on some loan terms, and re-defining the relationship between originators and borrowers. …
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