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Ohio Department of Commerce
Ohio Department of Commerce
Division of Financial Institutions 77 South High Street 21st Floor
Columbus,OH 43215
Phone: 614-728-8400
Fax: 614-466-5594
Contact:

Services Offered

Abusive Credit Practices/Predatory Lending Education
Other Program Types
Loan Documents

Methods of Offering Services

Classes

Target Audiences

Adults
Homebuyers/Homeowners
Neighborhood Residents
Other Target Audiences
Advocacy groups/counselors

Areas Served

State of Ohio

Program Description

In "Recognizing Predatory Lending," we will discuss how consumers can protect themselves against many of the "tricks" used by predatory lenders against unsuspecting borrowers. In the "Know What You Are Signing" session, we will be reviewing the loan documents to help consumers better understand the loan closing process and the purposes for the various documents. We will also point out areas in these documents where unscrupulous lenders may try to take advantage of borrowers.

Programs and Fees

Materials and Publications

"Don't Become a Victim: A Guide to Predatory Lending," "Predatory Lending: Tricks of the Trade," and Mortgage Shopping Worksheet. All in English and Spanish.

Mission and/or Goals

The Office of Consumer Affairs educates Ohians on how to protect themselves in the mortgage lending process, receives complaints from those who have been victimized and acts as a referral service to organizations that can assess borrowers. If lending laws have been violated, the office initiates enforcement action and refers criminal cases for prosecution.
©2004 The Northern and Central Ohio Partnership for Financial Education ~ Technical Questions? ~ Content Questions?