Ohio Code § 1311.92
Ohio Code § 1311.92. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1311.92.
(A) Except as provided in division (D) of this section, to enable a transfer of lien
property to close when a broker's perfected lien may otherwise prevent the closing,
a separate escrow account shall be established by the owner into which moneys from
the proceeds of the closing shall be deposited in an amount sufficient to release
the broker's lien. The moneys shall be held in escrow and shall only be released as ordered by a court
of competent jurisdiction, or as directed by agreement of the broker and owner or
by any process agreed to by the broker and owner. (B) An owner may not refuse to close a transfer of lien property because of the requirement
to establish an escrow account under division (A) of this section. A prospective transferee of lien property shall not refuse to close the transfer
of the lien property solely because the broker recorded a lien affidavit under this
section, if all of the following have occurred: (1) The owner has established the escrow account required by division (A) of this section; (2) The prospective transferee has received from the escrow agent for the escrow account
required by division (A) of this section a verified statement that the escrow account
has been established. (C) When funds have been placed in escrow pursuant to division (A) of this section, the
broker claiming a broker's lien under this section has an equitable lien on the escrowed
funds, and the lien recorded on the lien property shall be extinguished as a matter
of law. (D) The broker and owner are not required to follow the escrow procedures described in
this section if either of the following applies: (1) An alternative procedure is available that would allow the transfer of lien property
to close and that procedure is acceptable to the broker and prospective transferee. (2) The proceeds from the transfer of lien property would be insufficient to release
all liens, including the broker's lien, that are claimed against the lien property.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1311.92
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
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The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 1311.92 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 1311.92 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
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