No registrant and entity holding a valid letter of exemption under division (B)(1) of section 1322.05 of the Revised Code, through its operations manager or otherwise, shall fail to do either of the following:
(A) Reasonably supervise a mortgage loan originator or any other person associated with the registrant;
(B) Establish reasonable procedures designed to avoid violations of any provision of this chapter or the rules adopted under this chapter, or violations of applicable state and federal consumer and lending laws or rules, by mortgage loan originators or any other person associated with the registrant.
Added by 132nd General Assembly File No. TBD, HB 199, §1, eff. 3/23/2018.
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