Ohio Code § 3953.33
Ohio Code § 3953.33. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 3953.33.
(A) Every title insurance agent or agency that handles escrow, settlement, closing, or
security deposit accounts shall have an independent review made of its escrow, settlement,
closing, and security deposit accounts each year on or before the thirty-first day
of December for the twelve-month period ending the preceding thirty-first day of August. The title insurance agent or agency shall provide proof of the annual review to
each title insurance company that it represents. The superintendent of insurance shall promulgate rules under Chapter 119. of the
Revised Code setting forth the minimum threshold level at which a review is required,
the standards of the review, the minimum qualifications of the independent party conducting
the review, and the form of the report that is required. The superintendent may also require title insurance agents or agencies to provide
a copy of their annual review reports to the superintendent. The annual review required by this division does not apply to interest on lawyer's
trust accounts established and maintained by an attorney pursuant to sections 4705.09 and 4705.10 of the Revised Code . (B) Title insurance agents and agencies shall allow the superintendent and each and every
title insurer that they represent reasonable access to all of their escrow, settlement,
closing, and security deposit accounts and any and all supporting account information
in order to ascertain the safety and security of the funds held by the title insurance
agent or agency. (C) Title insurance agents and agencies shall maintain sufficient records of their affairs,
including their escrow operations and escrow trust accounts, so that the superintendent
may adequately ensure that the title insurance agent or agency is in compliance of
this chapter. Records kept pursuant to this section shall be kept for a period of not less than
ten years following the transactions to which the records relate. The superintendent may prescribe the specific records and documents to be kept.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3953.33
- 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 § 3953.33?
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 § 3953.33 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 § 3953.33 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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