OH HB423

Amends sections 1322.01 and 1322.04 of the Revised Code regarding manufactured home financing and mortgage loan originator licensing.

Expands exemption for persons engaged in retail sales of manufactured homes, mobile homes, or industrialized units to include manufactured home park operators if they assist borrowers only by providing or transmitting loan applications.

Requires persons recommending affiliated lenders to provide written disclosure of corporate affiliation and refer borrowers to at least one unaffiliated lender.

Limits compensation for retail sellers of manufactured homes to amounts not exceeding comparable cash transactions.

Repeals existing sections 1322.01 and 1322.04 and replaces them with revised definitions and exemptions for mortgage-related activities.