HB438
Type: B Origin: House Ohio Comments: 0

Enact The Homebuyer Protection Act

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The Homebuyer Protection Act aims to safeguard homebuyers by enhancing disclosures related to mortgage transactions. The bill requires lenders to provide borrowers with a one-page disclosure outlining key loan terms and potential risks. It also mandates lenders to offer a comparison document showing the total costs of different loan options. These provisions aim to improve transparency in the home buying process and empower consumers to make more informed decisions.

Bill Activity

  • 2024-03-04: Introduced

  • 2024-04-02: Referred to committee: Civil Justice

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