Effective: March 30, 1999
Latest Legislation: Senate Bill 83 - 122nd General Assembly
On and after the effective date of this section, in connection with any transfer of registered land that occurs on or after that date in accordance with Chapters 5309. and 5310. of the Revised Code, no title insurance company shall write a policy or contract of title insurance that includes any specific reference to any restrictive covenant that appears to apply to the transferred registered land, if any inclusion of the restrictive covenant in a transfer, rental, or lease of housing accommodations, any honoring or exercising of the restrictive covenant, or any attempt to honor or exercise the restrictive covenant constitutes an unlawful discriminatory practice under division (H)(9) of section 4112.02 of the Revised Code. On and after the effective date of this section, if a policy or contract of title insurance written by a title insurance company in connection with any transfer of registered land that occurs on or after that date in accordance with Chapters 5309. and 5310. of the Revised Code includes a general or catch-all reference to easements, estates, liens, encumbrances, charges, rights, or restrictions of record, the general or catch-all reference shall be regarded by the parties to the transfer of the registered land and their successors in interest and shall be deemed for all legal purposes to refer to and incorporate by reference easements, estates, liens, encumbrances, charges, rights, and restrictions of record other than a restrictive covenant the inclusion of which in a transfer, rental, or lease of housing accommodations, the honoring or exercising of which, or the attempt to honor or exercise of which constitutes an unlawful discriminatory practice under division (H)(9) of section 4112.02 of the Revised Code.
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.