Bill would require licensing for Ohio mortgage servicers

TIFFANY L. PARKS | Daily Reporter
Published: 06/06/2013

Communities United for Action in Cincinnati, the Legal Aid Society of Columbus and the East Side Organizing Project in Cleveland are all stumping for a bill to regulate the residential mortgage servicers industry.

The proposal, House Bill 80, is jointly sponsored by Reps. Denise Driehaus, D-Cincinnati, and Mike Foley, D-Cleveland, and would establish the Residential Mortgage Servicers Registration Act to be carried out by the superintendent of financial institutions in the Ohio Department of Commerce.

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