Ohio Admin. Code 109:4-3-25 - Debt collection agreements
For purposes of division (B)(11) of section 1345.031 of the Revised Code, "debt collection agreement" means any debt cancellation, deferment, suspension or any similar product coverage (whether or not insurance under applicable law), written in connection with a residential mortgage, that provides for cancellation, deferment or suspension of all or part of the consumer's liability for the residential mortgage in the event of loss of life, health, or income, or in the case of accident, unless financed or calculated upon a monthly basis.
Notes
Promulgated Under: 1345.05
Statutory Authority: 1345.05
Rule Amplifies: 1345.031(B)(11)
Prior Effective Dates: 01/07/2007
Promulgated Under: 119.03
Statutory Authority: 1345.05
Rule Amplifies: 1345.031(B)(11)
Prior Effective Dates: 1/7/07
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.