Ohio Admin. Code 109:4-3-22

Current through all regulations passed and filed through December 2, 2024

Section 109:4-3-22 - Recommending default

For purposes of division (B)(6) of section 1345.031 of the Revised Code, the phrase "recommending or encouraging a consumer to default" means to suggest, advise, instruct, or endorse that the consumer should fail to comply with any of the terms of a residential mortgage or any consumer transaction or revolving credit agreement.

Ohio Admin. Code 109:4-3-22

Five Year Review (FYR) Dates: 4/28/2022 and 04/28/2027
Promulgated Under: 1345.05
Statutory Authority: 1345.05
Rule Amplifies: 1345.031(B)(6)
Prior Effective Dates: 01/07/2007

Five Year Review (FYR) Dates: 04/28/2017 and 04/28/2022
Promulgated Under: 119.03
Statutory Authority: 1345.05
Rule Amplifies: 1345.031(B)(6)
Prior Effective Dates: 1/7/07