January 21, 2009 / Law Alert

Ohio Revised Code Section 317.114

If you prepare loan documents such as mortgages and assignments of rents and leases, you should be aware of a new Ohio statute. This law, Ohio Revised Code Section 317.114, enacted January 6, 2009 and effective April 6, 2009, provides very specific requirements for the format of instruments to be filed with the County Recorder's Office. Documents that do not comply with the new law will still be recordable, but will be subject to an extra filing fee of $10 for the recorder's services and $10 for a housing trust fund fee.