Ohio § 1322.40

§ 1322.40.

No registrant, licensee, or person required to be registered or licensed under this

chapter, or individual disclosed in an application as required by this chapter, shall

do any of the following: (A) Obtain a certificate of registration or mortgage loan originator license through

any false or fraudulent representation of a material fact or any omission of a material

fact required by state law, or make any substantial misrepresentation in any registration

or license application; (B) Make false or misleading statements of a material fact, omissions of statements required

by state or federal law, or false promises regarding a material fact, through advertising

or other means, or engage in a continued course of misrepresentations; (C) Engage in conduct that constitutes improper, fraudulent, or dishonest dealings; (D) Fail to notify the division of financial institutions within thirty days after any

of the following: (1) Being convicted of or pleading guilty or nolo contendere to a felony in a domestic,

foreign, or military court; (2) Being convicted of or pleading guilty or nolo contendere to any criminal offense

involving theft, receiving stolen property, embezzlement, forgery, fraud, passing

bad checks, money laundering, breach of trust, dishonesty, or drug trafficking, or

any criminal offense involving money or securities, in a domestic, foreign, or military

court; (3) Having a mortgage lender, mortgage servicer, or mortgage broker certificate of registration

or mortgage loan originator license, or any comparable authority, revoked in any governmental

jurisdiction. (E) Knowingly make, propose, or solicit fraudulent, false, or misleading statements on

any mortgage loan document or on any document related to a mortgage loan, including

a mortgage application, real estate appraisal, or real estate settlement or closing

document.  For purposes of this division, “fraudulent, false, or misleading statements” does

not include mathematical errors, inadvertent transposition of numbers, typographical

errors, or any other bona fide error. (F) Knowingly instruct, solicit, propose, or otherwise cause a buyer to sign in blank

a mortgage related document; (G) Knowingly compensate, instruct, induce, coerce, or intimidate, or attempt to compensate,

instruct, induce, coerce, or intimidate, a person licensed or certified under Chapter

4763. of the Revised Code for the purpose of corrupting or improperly influencing

the independent judgment of the person with respect to the value of the dwelling offered

as security for repayment of a mortgage loan; (H) Promise to refinance a loan in the future at a lower interest rate or with more favorable

terms, unless the promise is set forth in writing and is initialed by the buyer; (I) Engage in any unfair, deceptive, or unconscionable act or practice prohibited under sections 1345.01 to 1345.13 of the Revised Code .