Ohio Code § 1322.42
Ohio Code § 1322.42. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 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.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1322.42
- 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 § 1322.42 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 § 1322.42 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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