Ohio Rev. Code § 122.78
This is the official text of Ohio Rev. Code § 122.78, part of Ohio’s Ohio Revised Code — the complete compiled statutory law of Ohio, organized into 40+ numbered titles by subject.
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§ 122.78. Terms, conditions, and provisions of loans and guarantees
Official statutory text
September 30, 2021 House Bill 110 - 134th General Assembly Fees, charges, rates of interest, times of payment of interest and principal, and other terms, conditions, and provisions of the loans and guarantees made by the director of development pursuant to sections 122.71 to 122.83 and 122.87 to 122.90 of the Revised Code shall be such as the director determines to be appropriate and in furtherance of the purpose for which the loans and guarantees are made, but the mortgage lien securing any money loaned or guaranteed by the director may be subordinate to the mortgage lien securing any money loaned or invested by a financial institution, but shall be superior to that securing any money loaned or expended by any other corporation or person. The funds used in making these loans or guarantees shall be disbursed upon order of the director. Last updated August 4, 2021 at 10:34 AM
Status: in_force · Read it on the official government site
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