Ohio Code § 5301.361
Ohio Code § 5301.361. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 5301.361.
(A)(1) With respect to an unreleased commercial mortgage that has been satisfied more than
ninety days prior to the effective date of this section, but not recorded, the mortgagee
shall not be subject to a civil action or damages as described in division (C) of section 5301.36 of the Revised Code . (2) The current owner of the real property to which such a mortgage pertains shall provide
the mortgagee the written notice described in division (D)(1) of section 5301.36 of the Revised Code not sooner than on the effective date of this section and may recover damages in
a civil action for failure to comply with division (D)(2) of that section pursuant
to division (E) of that section. (B)(1) With respect to an unreleased commercial mortgage that has been satisfied less than
ninety days prior to the effective date of this section, but not recorded, the mortgagee
shall not be subject to a civil action or damages as described in division (C) of section 5301.36 of the Revised Code . (2) The current owner of the real property to which such a mortgage pertains shall provide
the mortgagee the written notice described in division (D)(1) of section 5301.36 of the Revised Code not sooner than on the ninetieth day after the mortgage was satisfied and may recover
damages in a civil action for failure to comply with division (D)(2) of that section
pursuant to division (E) of that section. (C)(1) With respect to an unreleased residential mortgage that has been satisfied, but not
recorded, prior to the effective date of this section, the mortgagee shall be subject
to a civil action or damages as described in division (C) of section 5301.36 of the Revised Code for failure to comply with division (B) of that section. (2) If such a mortgage was satisfied more than ninety days prior to the effective date
of this section, the current owner of the real property to which the mortgage pertains
shall provide the mortgagee the written notice described in division (D)(1) of section 5301.36 of the Revised Code not sooner than on the effective date of this section and may recover damages in
a civil action for failure to comply with division (D)(2) of that section pursuant
to division (E) of that section. If such a mortgage was satisfied less than ninety days prior to the effective date
of the section, the current owner shall provide the mortgagee the written notice described
in division (D)(1) of section 5301.36 of the Revised Code not sooner than on the ninetieth day after the mortgage was satisfied and may recover
damages in a civil action for failure to comply with division (D)(2) of that section
pursuant to division (E) of that section. (D) As used in this section, “mortgagee” has the same meaning as in section 5301.36 of the Revised Code .
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 5301.361
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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Common questions
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