Consumer Protection Section
Office
800-282-0515
Fax
866-268-2279
30 E. Broad Street, 14
th Floor
Columbus, Ohio 43215
www.OhioAttorneyGeneral.gov
Updated December 12, 2018
Ohio Homebuyers’ Protection Act Informational Document
The Ohio Homebuyers’ Protection Act gives the Ohio Attorney General enforcement authority over
abusive lending practices committed on or after January 1, 2007 by loan officers, mortgage brokers
or non-bank lenders. The Act prohibits these businesses from committing unfair, deceptive or
unconscionable acts in connection with a residential mortgage loan, including:
• Entering into a mortgage knowing you had no reasonable probability of payment of the mortgage.
• Refinancing an existing mortgage loan when the new loan does not have a reasonable, tangible
net benefit to you considering terms of both the new and refinanced loans, the cost of the new loan,
and your circumstances.
• Taking advantage of an inability to reasonably protect your interests because of any known
physical or mental infirmities or illiteracy you may have.
• Compensating, instructing, inducing, coercing, or intimidating an appraiser for the purpose of
improperly influencing the appraiser’s independent judgment with respect to the value of the house
being appraised.
• Failing to provide you with loan disclosures required under state and federal law, or providing you
with a loan disclosure that includes a material misrepresentation.
• Failing to disclose to you at the loan closing that you are not required to close the loan merely
because you received prior estimates of closing costs or signed an application, and that you should
not close a loan that contains different terms and conditions than promised.
• Financing any credit, life, disability, or unemployment insurance premiums, or any debt collection
agreement as part of your loan unless the premiums are calculated and paid monthly.
• Charging you a late fee more than once with respect to a single late loan payment.
• Representing a sponsorship, approval, or affiliation that the broker or lender does not have.
• Representing that a loan has uses, benefits, or a price advantage that it does not have, or that the
loan is available to you for a reason that does not exist.
• Recommending or encouraging that you default on an existing mortgage or revolving credit loan
agreement.
For more information visit www.OhioAttorneyGeneral.gov or call 800-282-0515.
Consumer Protection Section
Office 800-282-0515
Fax 866-268-2279
30 E. Broad Street, 14
th Floor
Columbus, Ohio 43215
www.OhioAttorneyGeneral.gov
ENACTED
Appendix
109:4-3-29
ADDENDUM A
Acknowledgment of Receipt of Home Mortgage Loan
Informational Document
Ohio Revised Code Section 1345.05(G)
Ohio Law requires that consumers applying for a mortgage loan receive the Home Mortgage Loan
Informational Document and this Acknowledgement of Receipt from their loan officer, mortgage
broker or non- bank mortgage lender. By signing this form you acknowledge that you have received
the Informational Document (check one):
_____ at the time you applied for a mortgage loan if you applied in person; or,
_____ within five business days of your loan application if you did not apply in person (for example if
you applied via the internet, facsimile or by telephone).
_______________________ _______________________
Date of Receipt Loan Applicant #1
_______________________ ________________________
Date of Receipt Loan Applicant #2
After signing this form, please keep the “customer copy” of the Acknowledgement of Receipt
form and provide the original to the person or company that gave or sent you the Informational
Document.