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§ 1319.09. Loans without nonrecourse loan provisions

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Ohio Revised Code › Title 13 › Chapter 1319 › § 1319.09

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

March 27, 2013 House Bill 479 - 129th General Assembly Section 1319.08 of the Revised Code does not prohibit a loan that is secured by a mortgage on real property located in this state from being fully recourse to the borrower or guarantor, including, but not limited to, as a result of a postclosing solvency covenant, if the loan documents for that loan do not contain nonrecourse loan provisions.

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