Ohio Rev. Code Ann. § 1321.60 – Advertising for loans | Midpage
§ 1321.60
Ohio Rev. Code Ann. § 1321.60
Advertising for loans
Effective Oct 16, 2009House Bill 1 - 128th General Assembly
Viewing an earlier version · effective Oct 16, 2009View current
(A)
(1) Advertising for loans subject to sections 1321.51 to 1321.60 of the Revised Code shall not be false, misleading, or deceptive.
(2) False, misleading, or deceptive advertising includes, but is not limited to, the following:
(a) Placing, or causing to be placed, any advertisement indicating that special terms, reduced rates, guaranteed rates, particular rates, or any other special feature of mortgage loans is available unless the advertisement clearly states any limitations that apply;
(b) Placing, or causing to be placed, any advertisement containing a rate or special fee offer that is not a bona fide available rate or fee.
(B) In making any advertisement, a registrant shall comply with 12 C.F.R. 226.16, as amended.