Ohio § 5315.03
Full text of Ohio Ohio Revised Code § 5315.03, with citation guidance and answers to common questions.
§ 5315.03.
(A) An applicant to the D.O.L.L.A.R. deed program shall submit both of the following
to the loss mitigation department of the lender of the mortgage that is in default: (1) An application form as set forth in section 5315.02 of the Revised Code ; (2) A request for modification and affidavit form developed under the home affordable
modification program. (B) To qualify for the program, all of the following shall apply: (1) The applicant need not be eligible for another mortgage loss mitigation alternative
or program. (2) The applicant's front-end and back-end debt-to-income ratios must fall below the
current ratios set for the home affordable modification program at the time the application
is submitted to the lender. (3) The applicant must occupy the residence. (C) The lender shall respond to the applicant in writing not later than thirty days after
the date the lender receives all application documents. (D) The lender is not required to participate in the program.
Frequently Asked Questions About Ohio § 5315.03
What does Ohio Revised Code § 5315.03 cover?
Section 5315.03 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 § 5315.03?
A common citation format is "Ohio Revised Code § 5315.03" (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 § 5315.03 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.