This is not legal advice for your situation*

Cleveland Predatory Lending Ordinance Ruled Unconstitutional

The Ohio Supreme Court has struck down the City of Cleveland's predatory lending ordinance, concluding that the stricter Cleveland lending ordinance conflicted with Ohio's statewide predatory lending statutes. A copy of the court's decision is available here. As a consequence, we are removing three disclosures and notices from our Ohio plan build that pulled whenever the property city was Cleveland - Ohio Certification (OHC.MSC); HUD Approved Housing Counselors in Ohio (OHHUDA.MSC), and Important Notice to Customers of Home Improvement Contractors (OHIN.MSC). Please contact DocMagic's Compliance Department if you have any questions.





*This article is distributed to provide general information about the subject matter covered and should not be utilized as a substitute for professional advice in specific situations. If you require such advice, please consult with your own professional advisers.