Wednesday, June 01, 2005

Pending Ohio legislation

Some recently introduced bills up in Columbus that might be interesting.....


H.B. 223 (Judgment exemptions).- to increase amount of general homestead exemption from execution, attachment or sale to satisfy judgment; exempt property used as resident by defendant against judgment rendered in civil action on medical, dental, optometric or chiropractic claim & delay enforcement of judgment lien on said property until its sale or transfer.

H.B. 243 (Impact of administrative rules/ Pending legislation).- to require certain state agencies to include in summaries of proposed rules assessment of impact of each rule on family formation, maintenance & well-being; require assessment of impact of proposed legislation on same prior to action being taken by General Assembly.

H.B. 244 (Title insurance).- to require title insurance agents to notify purchasers of availability of owner’s title insurance when issuing lender’s title insurance in conjunction with residential mortgage loans & explain what owner’s title insurance covers; requires title insurance agents to maintain errors & omissions insurance and authorize title insurers to issue settlement protection.

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