109:4-3-22. Recommending default

Latest version.

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.

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

Prior History: (R.C. 119.032 review dates: 12/28/2011 and 12/27/2016
Promulgated Under: 119.03
Statutory Authority: 1345.05
Rule Amplifies: 1345.031(B)(6)
Prior Effective Dates: 1/7/07 )

                    
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