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Recent Changes to Ohio Statutes Affecting Ohio Credit Unions

February 27, 2019

On December 19, 2018, Ohio’s Governor Kasich signed Ohio House Bill 489 (the “Bill”) resulting in changes to the regulatory requirements for credit unions, mortgage servicers and mortgage creditors. The new requirements are effective on March 20, 2019.

This summary of the Bill is not intended to replace a thorough reading of same and is not to be considered legal advice. While the information presented herein is accurate as of the date of publication (02/01/2019), it should not be cited or relied upon as legal authority and should not substitute for the advice of competent legal counsel in regard to your particular circumstances.

About the Author

Donald Mallory

Donald Mallory

Donald Mallory is a partner at Wood + Lamping, and his practice focuses on insolvency debtors' and creditors' rights.

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