Ohio Code § 1349.11
Ohio Code § 1349.11. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1349.11.
(A) No lending institution, as defined in section 175.01 of the Revised Code , that is affiliated with or authorized to be affiliated with a real estate broker
and that provides real estate brokerage services to third parties shall fix or vary
the terms and conditions on a mortgage loan or the granting of a mortgage loan on
the condition or requirement that the customer of the lending institution use or employ
the services of the affiliated real estate broker. (B) A lending institution, service corporation, or any person engaged in providing real
estate brokerage services to third parties at all times shall be identified as separate
and distinct from any lending institution with which it is affiliated or associated
and shall hold itself out as separate and distinct by doing both of the following: (1) Providing full and complete disclosure in writing of its relationship with the lending
institution to persons who employ it to provide real estate brokerage services; (2) Separately identifying any office space it uses in any building also used by the
lending institution. (C) No service corporation, real estate broker, or person associated with a lending institution
shall represent to the public or to any person employing the corporation, real estate
broker, or person to provide real estate brokerage services that the lending institution
offers different terms and conditions on mortgage loans to those who employ the corporation,
real estate broker, or person for real estate brokerage services than to persons who
do not so employ the corporation, real estate broker, or person. (D) This section does not apply to real estate owned by lending institutions. (E) Subject to division (F) of this section, the director of commerce and appropriate
division superintendents within the department of commerce shall enforce this section. (F)(1)(a) The superintendent of real estate shall enforce and administer this section insofar
as it relates to persons licensed as real estate brokers pursuant to Chapter 4735.
of the Revised Code. In that enforcement and administration, the superintendent possesses and may use
the authority conferred by that chapter. (b) The director of commerce and the superintendent of any division within the department
of commerce that has jurisdiction over a particular lending institution shall enforce
and administer this section insofar as it relates to that lending institution. The superintendent of real estate shall not enforce and administer this section
insofar as it relates to any lending institution. (2) Any licensed real estate broker subject to division (B) or (C) of this section who
fails to comply with either division is guilty of misconduct for purposes of division (A)(6) of section 4735.18 of the Revised Code .
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1349.11
- 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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