reglab/housing_qa huggingface dataset:
Ohio Rev Code § 1319.06 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1319 | Miscellaneous Credit Transactions|Section 1319.06 | Husband and Wife Must Join in Chattel Mortgage on Household Property.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|No husband or wife shall create any lien by chattel mortgage or otherwise upon any personal household property owned by either or both of them, without the joint consent of both husband and wife. No such mortgage is valid unless executed by both husband and wife.This section does not apply to any mortgage or lien for the purchase price of such property.
Ohio Rev Code § 1319.07 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1319 | Miscellaneous Credit Transactions|Section 1319.07 | Definitions for Rc Sections 1319.07 to 1319.09.

Effective: March 27, 2013|Latest Legislation:  House Bill 479 - 129th General Assembly|As used in sections 1319.07 to 1319.09 of the Revised Code: (A) "Nonrecourse carveout" means a specific exemption, if any, to the nonrecourse provisions set forth in the loan documents for a nonrecourse loan that has the effect of creating, if specified events occur, personal liability of the borrower or guarantor or other surety of the loan for all or some amounts owed to the lender.(B) "Nonrecourse loan" means a commercial loan secured by a mortgage on real property located in this state and evidenced by loan documents that meet any of the following:(1) Provide that the lender will not enforce the liability or obligation of the borrower by an action or proceeding in which a money judgment is sought against the borrower;(2) Provide that any judgment in any action or proceeding on the loan is enforceable against the borrower only to the extent of the borrower's interest in the mortgaged property and other collateral security given for the loan;(3) Provide that the lender will not seek a deficiency judgment against the borrower;(4) Provide that there is no recourse against the borrower personally for the loan;(5) Include any combination of divisions (B)(1) to (4) of this section or any other provisions to the effect that the loan is without personal liability to the borrower beyond the borrower's interest in the mortgaged property and other collateral security given for the loan.(C) "Nonrecourse provisions" means one or more of the provisions described in divisions (B)(1) to (5) of this section, whether or not the loan is subject to a nonrecourse carveout or carveouts.(D) "Postclosing solvency covenant" means any provision of the loan documents for a nonrecourse loan, whether expressed as a covenant, representation, warranty, or default, that relates solely to the solvency of the borrower, including, without limitation, a provision requiring that the borrower maintain adequate capital or have the ability to pay the borrower's debts, with respect to any period of time after the date the loan is initially funded. "Postclosing solvency covenant" does not include a covenant not to file a voluntary bankruptcy or other voluntary insolvency proceeding or not to collude in an involuntary proceeding.
Ohio Rev Code § 1319.08 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1319 | Miscellaneous Credit Transactions|Section 1319.08 | Use of Postclosing Solvency Covenant.

Effective: March 27, 2013|Latest Legislation:  House Bill 479 - 129th General Assembly|(A) A postclosing solvency covenant shall not be used, directly or indirectly, as a nonrecourse carveout or as the basis for any claim or action against a borrower or any guarantor or other surety on a nonrecourse loan. (B) A provision in the documents for a nonrecourse loan that does not comply with division (A) of this section is invalid and unenforceable.
Ohio Rev Code § 1319.09 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1319 | Miscellaneous Credit Transactions|Section 1319.09 | Loans Without Nonrecourse Loan Provisions.

Effective: March 27, 2013|Latest Legislation:  House Bill 479 - 129th General Assembly|Section 1319.08 of the Revised Code does not prohibit a loan that is secured by a mortgage on real property located in this state from being fully recourse to the borrower or guarantor, including, but not limited to, as a result of a postclosing solvency covenant, if the loan documents for that loan do not contain nonrecourse loan provisions.
Ohio Rev Code § 1319.11 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1319 | Miscellaneous Credit Transactions|Section 1319.11 | Joining or Separating Claims of Creditors.

Effective: September 17, 1996|Latest Legislation:  Senate Bill 180 - 121st General Assembly|(A) Two or more creditors of a debtor or co-debtors may join their respective claims together for the purpose of commencing litigation against the debtor or co-debtors.(B) If a debtor or co-debtor raises a good faith dispute concerning any accounts, bills, or other evidences of indebtedness that have been joined together for litigation pursuant to this section, the court shall separate the disputed account, bill, or other evidence of indebtedness from the action and hear the disputed account, bill, or other evidence of indebtedness on its own merits in a separate action. The court shall charge the filing fee of the separate action to the losing party.
Ohio Rev Code § 1319.16 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1319 | Miscellaneous Credit Transactions|Section 1319.16 | Check Collection Charges.

Effective: August 28, 2002|Latest Legislation:  House Bill 464 - 124th General Assembly|(A) If a collection agency has been designated to collect on a check, negotiable order of withdrawal, share draft, or other negotiable instrument that has been returned or dishonored for any reason, the collection agency may charge and receive check collection charges of not more than thirty dollars or ten per cent of the face amount of the instrument, whichever is greater, and may charge and receive any charge imposed by a financial institution upon the holder of the check, negotiable order of withdrawal, share draft, or other negotiable instrument that has been returned or dishonored for any reason.(B) A collection agency that imposes a check collection charge pursuant to division (A) of this section shall send written notice by regular mail to the debtor at the debtor's last known address or at the address shown on the check or other instrument. The notice shall provide the amount of the check collection charge that has been imposed, and shall state that the debtor is responsible for paying the check collection charge as well as the value of the check or other instrument.
Ohio Rev Code § 1321.03 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.03 | Application for Small Loan License; Fee.

Effective: September 26, 1996|Latest Legislation:  Senate Bill 293 - 121st General Assembly|Application for a license shall be in writing, under oath, and in the form prescribed by the division of financial institutions, and shall contain the name and address of the applicant, and, if the applicant is a partnership or association, of every member thereof, and, if a corporation, of each officer and director thereof; also the approximate location where the business is to be conducted and such further relevant information as the division requires. At the time of making such application, the applicant shall pay to the division a license fee as determined by the superintendent of financial institutions pursuant to section 1321.20 of the Revised Code and a nonrefundable investigation fee of two hundred dollars. No license fee or any portion thereof shall be refunded after a license has been issued. Last updated November 3, 2021 at 5:35 PM
Ohio Rev Code § 1321.04 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.04 | Small Loan License Application Approval.

Effective: October 9, 2021|Latest Legislation:  House Bill 263 - 133rd General Assembly|Upon the filing of an application under section 1321.03 of the Revised Code and payment of fees pursuant to section 1321.20 of the Revised Code, the division of financial institutions shall investigate the facts concerning the applicant and the requirements provided for in divisions (A) and (B) of this section. The division shall approve the application and issue and deliver a license to the applicant if the division finds both of the following: (A) That the financial responsibility, experience, and general fitness of the applicant and of the members thereof, if the applicant is a partnership or an association, and of the officers and directors thereof, if the applicant is a corporation, are such as to warrant the belief that the business will be operated lawfully, honestly, and fairly under sections 1321.01 to 1321.19 of the Revised Code and within the purposes of those sections, that the applicant has fully complied with those sections, and that the applicant is qualified to act as a licensed lender; (B) That the applicant has available for the operation of such business cash or moneys deposited in a readily accessible fund or account of not less than twenty-five thousand dollars. If the division does not so find, it shall enter an order denying such application and forthwith notify the applicant of the denial, the grounds for the denial, and the applicant's reasonable opportunity to be heard on the action in accordance with Chapter 119. of the Revised Code. In the event of denial, the division shall return the license fee but shall retain the investigation fee. Last updated November 3, 2021 at 5:36 PM
Ohio Rev Code § 1321.05 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.05 | Contents of Small Loan License; Annual Fee and Assessment; Assets.

Effective: March 22, 2001|Latest Legislation:  Senate Bill 180 - 123rd General Assembly|Each license shall state the address at which the business is to be conducted and shall state fully the name of the licensee. Each license shall be kept conspicuously posted in the place of business of the licensee and is not transferable or assignable.Each license shall remain in effect until surrendered, revoked, or suspended under section 1321.08 or 3123.47 of the Revised Code. Every licensee shall each year pay to the division of financial institutions a license fee and an assessment as determined by the superintendent pursuant to section 1321.20 of the Revised Code. Payment of such renewal fee shall be according to the provisions of this section and the standard renewal procedure of sections 4745.01 to 4745.03 of the Revised Code. No other or further license fee or assessment shall be required from any such licensee by the state or any political subdivision in the state.Every licensee shall maintain for each license current assets of at least ten thousand dollars, either in use or readily available for use in the conduct of the business. Last updated November 3, 2021 at 5:37 PM
Ohio Rev Code § 1321.06 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.06 | Additional Small Loan Licenses; Change of Place of Business.

Effective: September 26, 1996|Latest Legislation:  Senate Bill 293 - 121st General Assembly|Not more than one place of business shall be maintained under the same license issued under sections 1321.01 to 1321.05 of the Revised Code, but the division of financial institutions may issue additional licenses to the same licensee upon compliance with such sections.No change in the place of business of a licensee to a location outside the original municipal corporation shall be permitted under the same license. When a licensee wishes to change the licensee's place of business within the same municipal corporation, the licensee shall give written notice thereof in advance to the division which shall provide a license for the new address, without cost.Sections 1321.01 to 1321.19 of the Revised Code do not limit the loans of any licensee to residents of the community in which the licensed place of business is situated. Last updated November 3, 2021 at 5:37 PM
Ohio Rev Code § 1321.08 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.08 | Suspension or Revocation of Small Loan License.

Effective: September 26, 1996|Latest Legislation:  Senate Bill 293 - 121st General Assembly|In accordance with Chapter 119. of the Revised Code:(A) The division of financial institutions shall, upon written notice to the licensee stating the contemplated action and the grounds therefor, and upon reasonable opportunity to be heard, suspend or revoke any license issued by the division if it finds that:(1) The licensee is in default in the payment of the annual license fee or assessment prescribed in section 1321.20 of the Revised Code or has failed to comply with any order of the division made and entered under division (A) of section 1321.10 of the Revised Code;(2) The licensee has continued to violate any of the provisions of sections 1321.01 to 1321.19 of the Revised Code or any rule promulgated under division (A) of section 1321.10 of the Revised Code after receiving notice of such violation or violations from the division;(3) Any fact or condition exists which if it had existed or had been known to exist at the time of the original application for such license, which fact or condition was not then known to the division, clearly would have warranted the division in refusing originally to issue such license.(B) If the division finds that there exists probable cause for the suspension or revocation of any license under division (A) of this section and that enforcement of sections 1321.01 to 1321.19 of the Revised Code requires immediate suspension of the license pending complete investigation, it may, upon three days' written notice, and hearing, enter an order suspending the license for a period not exceeding thirty days, during which period of suspension no loans may be made under the license, but the licensee may receive payments on existing loans. Upon completion of such investigation the division shall either reinstate the license or further suspend the license for a further period or give the licensee notice of the contemplated revocation of the license, the grounds for the revocation, and the licensee's reasonable opportunity to be heard on the action in accordance with Chapter 119. of the Revised Code.(C) Any licensee may surrender any license by delivering it to the division with written notice of its surrender. Such surrender shall not affect the licensee's civil or criminal liability for acts committed prior to the surrender.(D) No revocation or suspension of any license shall impair or affect the obligation of any pre-existing lawful contract between the licensee and any borrower nor shall such action affect the right of the licensee to collect the amounts due under the contract, or to enforce the contract.(E) The division may reinstate or issue a new license to a person whose license has been revoked if no fact or condition then exists which clearly would have warranted the division in refusing originally to issue the license. Last updated November 3, 2021 at 5:38 PM
Ohio Rev Code § 1321.09 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.09 | Small Loan Licensee Recordkeeping; Annual Report.

Effective: June 18, 2002|Latest Legislation:  Senate Bill 138 - 124th General Assembly|(A) Every licensee shall keep and use in the licensee's business such books, accounts, and records as will enable the division of financial institutions to determine whether the licensee is complying with sections 1321.01 to 1321.19 of the Revised Code and with the orders and rules made by the division under those sections. Every licensee shall preserve such books, accounts, and records for at least two years after making the final entry on any loan recorded therein. Accounting systems maintained in whole or in part by mechanical or electronic data processing methods that provide information equivalent to that otherwise required are acceptable for this purpose.As required by the superintendent of financial institutions, every licensee each year shall file a report with the division giving such relevant information concerning the business and operations, during the preceding calendar year, of each licensed place of business conducted by the licensee within the state. If a licensee has more than one place of business within this state it is optional with the licensee to furnish the report for each location, or a composite report for all locations. Such report shall be made under oath in the form prescribed by the division, which shall make and publish annually an analysis and recapitulation of such reports. Such licensee reports are not public records and shall only be used by the division for the purpose of enforcing sections 1321.01 to 1321.19 of the Revised Code or any rules or orders made in compliance with those sections. Such licensee reports may be introduced into evidence or disclosed when and in the manner authorized in section 1181.25 of the Revised Code, or in connection with criminal proceedings.This section does not prevent the division from releasing to or exchanging with other financial institution regulatory authorities information relating to licensees.(B) For purposes of this section, "financial institution regulatory authority" includes a regulator of a business activity in which a licensee is engaged, or has applied to engage in, to the extent that the regulator has jurisdiction over a licensee engaged in that business activity. A licensee is engaged in a business activity, and a regulator of that business activity has jurisdiction over the licensee, whether the licensee conducts the activity directly or a subsidiary or affiliate of the licensee conducts the activity. Last updated November 5, 2021 at 4:18 PM
Ohio Rev Code § 1321.10 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.10 | Small Loan Law Rules and Orders; Procedure in Case of Violation; Certified Statements.

Effective: September 26, 1996|Latest Legislation:  Senate Bill 293 - 121st General Assembly|In accordance with Chapter 119. of the Revised Code:(A) The division of financial institutions may adopt rules and the superintendent of financial institutions may issue specific orders for the enforcement of sections 1321.01 to 1321.19 of the Revised Code. Every ruling, demand, requirement, and similar administrative act may be in the form of a written order. Every rule and order shall be a public record. After promulgation, a copy of every rule shall be mailed to all licensees.(B) The division may, whenever it has reasonable cause to believe that any person has violated, is violating, or is threatening to or intends to violate sections 1321.01 to 1321.19 of the Revised Code, enter an order requiring the person to desist or to refrain from such violation; and an action may be brought on the relation of the superintendent to enjoin the person from continuing or engaging in such violation or from doing any acts in furtherance thereof. Such action shall be conducted under the direction and supervision of the attorney general. In any such action, an order or judgment may be entered awarding such preliminary or final injunction as is deemed proper. In addition to all other means provided for the enforcement of a restraining order or injunction, the court in which such action is brought may impound and appoint a receiver for the property and business of the defendants including books, papers, documents, and records pertaining thereto or so much thereof as the court finds reasonably necessary to prevent further violations of sections 1321.01 to 1321.19 of the Revised Code, through or by means of the use of said property and business. Such receiver, when appointed and qualified, has such powers and duties as to custody, collection, administration, winding up, and liquidation of the property and business as may be conferred upon the receiver by the court.(C) Upon application of any person, the division may certify, under the seal of the superintendent, a statement relative to any matter that is the subject of public examination and disclosure. The division may likewise furnish under the seal of the superintendent a certified copy of any order issued by the division, and in any court such certified statements and such certified copies are prima-facie evidence of the facts disclosed therein or of the making of such order. Last updated November 3, 2021 at 5:40 PM
Ohio Rev Code § 1321.11 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.11 | Prohibited Statements and Representations.

Effective: September 26, 1996|Latest Legislation:  Senate Bill 293 - 121st General Assembly|No licensee or other person subject to sections 1321.01 to 1321.19 of the Revised Code shall advertise, display, distribute, or broadcast or cause or permit to be advertised, displayed, distributed, or broadcast, any false, misleading, or deceptive statement or representation with regard to the rates, terms, or conditions for loans made under those sections. The division of financial institutions shall require that charges or rates of charge, whenever stated by a licensee, be stated fully and clearly in such manner as may be deemed necessary to prevent misunderstanding thereof by prospective borrowers.
Ohio Rev Code § 1321.12 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.12 | Small Loan Licensee - Prohibited Acts.

Effective: September 26, 1996|Latest Legislation:  Senate Bill 293 - 121st General Assembly|No licensee shall conduct the business of making loans under sections 1321.01 to 1321.19 of the Revised Code, within any office, room, or place of business in which any other business is solicited or engaged in, or in association or conjunction therewith, if the division of financial institutions finds, after hearing, that the other business is of such nature that such conduct tends to conceal evasion of those sections or of the rules made under those sections and orders the licensee in writing to desist from the conduct.No licensee shall conduct the business of making loans under sections 1321.01 to 1321.19 of the Revised Code, under any other name, or at any other place of business within this state than that named in the license.No licensee shall take a lien upon real estate as security for any loan made under those sections except such lien as is created upon the filing or recording of a certificate of judgment. Last updated November 3, 2021 at 5:40 PM
Ohio Rev Code § 1321.131 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.131 | Small Loan Alternative Interest Rate.

Effective: February 11, 1982|Latest Legislation:  House Bill 526 - 114th General Assembly|As an alternative to the interest permitted in division (A) of section 1321.13 and in division (B) of section 1321.16 of the Revised Code, a licensee may contract for and receive interest at any rate or rates agreed upon or consented to by the parties to the loan contract or open-end loan agreement, but not exceeding an annual percentage rate of twenty-five per cent. Last updated November 3, 2021 at 5:41 PM