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Recent Publications

Agency enforcement actions present a challenging environment for the banking institution, particularly if and when the actions become public through disclosure by the bank or the agency
Practical Implications of Bank Regulatory Enforcement Actions

   Banking & Financial Services


Summary of the Ohio Supreme Court's
Proposed Mediation Program

Return to Predatory Lending: Developments and Pending Litigation

On Thursday, November 8, 2007, Ohio Governor Ted Strickland, Ohio Attorney Ohio Supreme Court Chief Justice Thomas Moyer first outlined a new initiative to encourage foreclosure lawsuits to be mediated before any suit is filed. This pilot project was to begin in Cuyahoga, Montgomery, and Franklin Counties, and the possibility of a statewide program is being discussed as foreclosure dockets continue to increase.

In February, Ohio Chief Justice Thomas J. Moyer announced an 11-step foreclosure mediation model to help manage the exploding numbers of foreclosures across the State. According to the Ohio Supreme Court, this foreclosure model is the first of its kind across the nation. The program was developed by the Ohio Supreme Court's Dispute Resolution Section and Advisory Committee, which included judges, magistrates, mediators, attorneys, legal aid representatives, educators, mortgage bankers, and homeowners' representatives.

In Delaware County, where foreclosures make up nearly 1/3 of the county's civil docket, the court has already adopted the Ohio Supreme Court's 11-step model for foreclosure mediation. Thus far, 24 of Ohio's 88 counties - including Franklin County, Union County, and many of the larger counties across the state - are in the process of implementing or have adopted a mediation program.

 

 

 

Highlights

Financial institution credit card marketing practices, predatory lending, student loans and more targeted by the Ohio Attorney General
Ohio Attorney General Investigations and Litigation

Background and resources on the Ohio predatory lending law and the Ohio Homebuyers’ Protection Act Compliance Toolkit
Predatory Lending Resource Center

What's happening in the 127th Ohio General Assembly?
Insurance & Banking Legislation


Ohio Banking Law

A quarterly publication covering legal issues of interest to the banking and financial services industry
Ohio Banking Law - Spring 2008

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Ohio Banking Law

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