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Home » Store » News » OH Lenders Face Higher Risk under New Law

OH Lenders Face Higher Risk under New Law

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Ohio mortgage lenders, with the help of outside counsel, are developing strategies and considering other means to avoid increased liability under the new state anti-predatory lending law, including videotaping closing transactions. The risks for lenders under S.B. 185, the Ohio Homebuyers’ Protection Act, have become so profound that lenders may have to limit their exposure by offering fewer products or quit doing business in the state, according to legal experts. …
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