Ohio § 1.63

§ 1.63.

(A) The state solely shall regulate the business of originating, granting, servicing,

and collecting loans and other forms of credit in the state and the manner in which

any such business is conducted, and this regulation shall be in lieu of all other

regulation of such activities by any municipal corporation or other political subdivision. (B) Any ordinance, resolution, regulation, or other action by a municipal corporation

or other political subdivision to regulate, directly or indirectly, the origination,

granting, servicing, or collection of loans or other forms of credit constitutes a

conflict with the Revised Code, including, but not limited to, Titles XI, XIII, XVII,

and XLVII, and with the uniform operation throughout the state of lending and other

credit provisions, and is preempted. (C) Any ordinance, resolution, regulation, or other action by a municipal corporation

or other political subdivision constitutes a conflict with the Revised Code, including,

but not limited to, Titles XI, XIII, XVII, and XLVII, and is pre-empted, if the ordinance,

resolution, regulation, or other action does either of the following: (1) Disqualifies a person, or its subsidiaries or affiliates, from doing business with

such municipal corporation or other political subdivision based upon the acts or practices

of such person, or its subsidiaries or affiliates, as an originator, grantor, servicer,

or collector of loans or other forms of credit; (2) Imposes reporting requirements or other obligations upon a person, or its subsidiaries

or affiliates, based upon such person's, or its subsidiaries' or affiliates', acts

or practices as an originator, grantor, servicer, or collector of loans or other forms

of credit. (D) If any provision of this section, or any application of any provision of this section,

is for any reason held to be illegal or invalid, the illegality or invalidity shall

not affect any legal and valid provision or application of this section, and the provisions

and applications of this section shall be severable. (E) Nothing in this section shall be construed to invalidate or prohibit any ordinance,

resolution, regulation, or other action by a municipal corporation or other political

subdivision to establish and administer voluntary neighborhood reinvestment programs

in furtherance of the goals and purposes of the “Community Reinvestment Act of 1977,”

91 Stat. 1147, 12 U.S.C.A. 2901 , as amended. (F) Nothing in this section shall be construed to invalidate any ordinance, resolution,

regulation, or other action by a municipal corporation or other political subdivision

that is required to meet the criteria for adequacy of law established by the United

States department of housing and urban development in order to obtain certification

as a fair housing assistance program.