Microsoft Word - 2021 State Disclosures - Ohio

State Specific Consumer Mortgage Disclosures - Ohio

Disclaimer: The material below is for general informational purposes only and is not intended to be a substitute for professional compliance assistance. Anyone reviewing the below information

should contact his or her own compliance professionals to obtain advice with respect to any issues or questions related to a particular transaction. The material below is designed for use by

state or federal financial institutions. State licensed lenders or brokers should consult alternate reference materials.

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Applicability Delivery Timing

PPDocs

Purchase Refinance

Misc.

Disclosures

Notes

Financial Institutions

State Licensed Lender or Broker

Initial Disclosures

Prior to Closing

At Closing

Provided by PPDocs, Inc.

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HELOCs

Lot Loans/Bare Ground

State Law Citation

Equal Credit Opportunity Notice

1 Y Y N N N Y 4424

         

Ohio Rev.

Code Ann.

§4112.021(B)(

g)

Acknowledgement of Receipt of Home

Mortgage Loan Information Document

1 Y Y Y N N Y 7250

        

Ohio Rev.

Code Ann.

§1345.05(G)

Homebuyers’ Protection Act Informational

Document

2 Y Y Y N N Y 9593

        

Ohio Admin.

Code §109:4-

3

-

29

Covered Loan Disclosure

3 Y Y Y N N Y 9081

    



Ohio Rev.

Code Ann.

§1349.26

Right to Choose Insurance Provider

4 Y Y Y N N Y 8025

        

Ohio Rev.

Code Ann.

§3901.211(C)

Insurance Disclosures

5 Y N Y N N Y 9080

        

Ohio Rev.

Code Ann.

§3901.211(D)

State Specific Consumer Mortgage Disclosures - Ohio

Disclaimer: The material below is for general informational purposes only and is not intended to be a substitute for professional compliance assistance. Anyone reviewing the below information

should contact his or her own compliance professionals to obtain advice with respect to any issues or questions related to a particular transaction. The material below is designed for use by

state or federal financial institutions. State licensed lenders or brokers should consult alternate reference materials.

2 | P a g e

Applicability Delivery Timing

PPDocs

Purchase Refinance

Misc.

Disclosures

Notes

Financial Institutions

State Licensed Lender or Broker

Initial Disclosures

Prior to Closing

At Closing

Provided by PPDocs, Inc.

Doc. ID Number

1s

t

L

i

e

n

P

u

r

chas

e

1

-

4

P

r

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ma

r

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nc

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Refinance

1

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Second

Hom

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HELOCs

Lot Loans/Bare Ground

State Law Citation

Disclosure for Optional Credit Insurance

6 Y Y N N Y Y 4425

         

Ohio Admin.

Code §3901-1-

14(D)(3)

Disclosure of Right Not to Close

7 Y Y N N Y Y 2506

         

Ohio Admin.

Code §109:4-

3

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23(B)

Verification of Pre-Purchase Counseling and

Acknowledgement of Risk

3 Y Y Y N N Y 4412

    



Ohio Rev.

Code Ann.

§1349.27(J)

Notice of Right to Cancel Optional Insurance

8 Y Y Y N N Y 9082

         

Ohio Admin.

Code §1301:8-

3

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17(B)

Notes:

1. To be provided at application

2. To be provided with Doc ID 7250 at application.

State Specific Consumer Mortgage Disclosures - Ohio

Disclaimer: The material below is for general informational purposes only and is not intended to be a substitute for professional compliance assistance. Anyone reviewing the below information

should contact his or her own compliance professionals to obtain advice with respect to any issues or questions related to a particular transaction. The material below is designed for use by

state or federal financial institutions. State licensed lenders or brokers should consult alternate reference materials.

3 | P a g e

3. High-cost Home Loan

4. To be provided if creditor also solicits insurance.

5. To be provided if creditor is a depository institution that solicits, sells, advertises, or offers insurance.

6. To be provided only if creditor offers credit insurance.

7. To be executed by the consumer before any other closing documents are signed.

8. To be provided if creditor furnishes or places credit insurance on the loan on behalf of the borrower at borrower’s expense.