Effective: December 12, 1967
Latest Legislation: Senate Bill 224 - 107th General Assembly
A title insurance company shall not engage in the business of guaranteeing the payment of the principal or the interest of notes, bonds, or other obligations secured by mortgages upon real property. A title insurance company shall not engage in the business of guaranteeing the completion of improvements in this state. Notwithstanding section 1735.01 of the Revised Code, a title guarantee and trust company may not guarantee the collection of interest and principal of mortgage loans.
Structure Ohio Revised Code
Chapter 3953 | Title Insurance
Section 3953.01 | Title Insurance Definitions.
Section 3953.02 | Application of Chapter.
Section 3953.03 | Only Title Insurance Company to Engage in Title Insurance Business.
Section 3953.04 | Title Insurance Company to Be Organized as Stock Corporation.
Section 3953.05 | Minimum Capital and Surplus.
Section 3953.06 | Depositing Securities.
Section 3953.07 | Sound Underwriting Practices.
Section 3953.08 | Permitted Services.
Section 3953.09 | Prohibited Services.
Section 3953.10 | Title Insurance Company to Engage in Title Insurance Only.
Section 3953.11 | Unearned Premium Reserve.
Section 3953.12 | Other Reserves.
Section 3953.13 | Reinsurance.
Section 3953.14 | Investments.
Section 3953.15 | Investment of Unearned Premium Reserve.
Section 3953.16 | Investment of Trust Funds or Assets Held in Fiduciary Capacity.
Section 3953.17 | Foreign Title Insurance Company - License.
Section 3953.18 | Prohibition Against Policies Covering Real Property - Exceptions.
Section 3953.19 | Merger and Consolidation.
Section 3953.20 | Prior Approval Required for Acquisition of Other Title Insurance Company.
Section 3953.21 | Certification of Title Insurance Agents.
Section 3953.22 | Licensing Title Insurance Agents.
Section 3953.23 | Maintaining Books of Account and Record and Vouchers.
Section 3953.24 | Firm Name of Agent.
Section 3953.25 | Commission Payments.
Section 3953.26 | Payments for Inducement of Business.
Section 3953.27 | Division of Fees and Charges.
Section 3953.28 | Prior Approval Required for Forms and Contracts.
Section 3953.29 | Prohibiting Restrictive Covenants Constituting Unlawful Discriminatory Practice.
Section 3953.30 | Notice Comparing Lender's and Owner's Title Insurance.
Section 3953.32 | Offer of Closing or Settlement Protection to Parties.
Section 3953.33 | Annual Independent Review of Agency Accounts.
Section 3953.331 | Joint Venture Title Insurance Agencies Annual Review.
Section 3953.35 | Prohibited Conduct Regarding Loans of $75,000 or Less.
Section 3953.36 | Dissolution or Termination of a Joint Venture Title Insurance Agency.