Ohio § 1322.42
Full text of Ohio Ohio Revised Code § 1322.42, with citation guidance and answers to common questions.
§ 1322.42.
(A)(1) No registrant or licensee or person required to be registered or licensed under this
chapter shall refer a buyer to any settlement service provider, including any title
insurance company, that has an affiliated business arrangement with the registrant,
licensee, or person without providing the buyer with written notice as required by
rule adopted by the superintendent. (2) As used in division (A)(1) of this section, “affiliated business arrangement” has
the same meaning as in 12 U.S.C. 2602 . (B) No registrant or licensee shall refer a buyer to an appraisal company, if the registrant
or licensee, a member of the immediate family of an owner of the registrant, or a
member of the licensee's immediate family, has either of the following financial relationships
with the appraisal company: (1) An ownership or investment interest in the company, whether through debt, equity,
or other means; (2) Any compensation arrangement involving any remuneration, directly or indirectly,
overtly or covertly, in cash or in kind. (C) No registrant or licensee shall knowingly enter into an arrangement or scheme, including
a cross-referral arrangement, that has a principal purpose of assuring referrals by
a registrant or licensee to a particular appraisal company that would violate division
(B) of this section. (D) The registrant, licensee, and entity holding a valid letter of exemption under division (B)(1) of section 1322.05 of the Revised Code , or person required to be registered or licensed under this chapter shall retain
proof that the buyer received the written disclosures required by division (A) of
this section for four years.
Frequently Asked Questions About Ohio § 1322.42
What does Ohio Revised Code § 1322.42 cover?
Section 1322.42 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 § 1322.42?
A common citation format is "Ohio Revised Code § 1322.42" (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 § 1322.42 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.