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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1319.09 | Loans without nonrecourse loan provisions.

Ohio Revised Code
/
Title 13 Commercial Transactions
/
Chapter 1319 Miscellaneous Credit Transactions
 
Effective:
March 27, 2013
Latest Legislation:
House Bill 479 - 129th General Assembly
PDF:
Download Authenticated PDF
 

Section 1319.08 of the Revised Code does not prohibit a loan that is secured by a mortgage on real property located in this state from being fully recourse to the borrower or guarantor, including, but not limited to, as a result of a postclosing solvency covenant, if the loan documents for that loan do not contain nonrecourse loan provisions.

Available Versions of this Section