Ohio passed a bill requiring the registration of mortgage servicers. Under the bill, a person may not act as a mortgage servicer in Ohio without obtaining a certificate of registration, unless exempt. In addition, the bill requires a lender or servicer collecting a debt to mail a “debt collection notice” to the borrower if the mortgage loan is a junior lien loan secured by residential real property. The bill becomes effective March 20, 2018.
See Ohio General Assembly website for the full text of the Statutes: http://search-prod.lis.state.oh.us/solarapi/v1/general_assembly_132/bills/hb489/EN/05?format=pdf
