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

What is the source of Ohio Revised Code § 1311.92?

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.

Can this page be used as legal advice?

No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.