Ohio § 5301.93
Full text of Ohio Ohio Revised Code § 5301.93, with citation guidance and answers to common questions.
§ 5301.93.
(A) As used in this section: (1) “ PACE ” means property assessed clean energy. (2) “ Qualifying residential real property ” means a single family residential dwelling, or other residential dwelling of three
or fewer units. (3) “ Residential PACE lien ” means the encumbrance on the qualifying residential real property created by the
special assessment for a residential PACE loan. (4) “ Residential PACE loan ” means the extension of financing that is offered to pay for the installation of
cost effective energy improvements on a homeowner's qualifying residential real property
and is repayable by the homeowner through a special assessment under section 717.25
or Chapter 1710. of the Revised Code. (B) Notwithstanding any provision of law to the contrary, a residential PACE lien shall
be all of the following: (1) Subordinate to all liens on the qualifying residential real property recorded prior
to the time the residential PACE lien is recorded; (2) Subordinate to a first mortgage on the qualifying property recorded after the residential
PACE lien is recorded; (3) Subject to division (B)(2) of this section, superior to any other lien on the qualifying
residential real property recorded after the residential PACE lien is recorded. (C) Notwithstanding any other law to the contrary, in the event of a foreclosure sale
of a qualifying residential real property, the holders of any mortgages or other liens,
including delinquent special assessments secured by residential PACE liens, shall
receive proceeds in accordance with the priorities established under division (B)
of this section.
Frequently Asked Questions About Ohio § 5301.93
What does Ohio Revised Code § 5301.93 cover?
Section 5301.93 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 5301.93?
A common citation format is "Ohio Revised Code § 5301.93" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 5301.93 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.