Ohio Homebuyers' Protection Act Compliance Toolkit   To assist lenders and service providers in complying with the Ohio Homebuyers’ Protection Act, Argus Growth Consultants, Ltd., a leading solutions provider for law firms and corporations, developed the Ohio Homebuyers’ Protection Act Compliance Toolkit. The Toolkit is written by attorneys with Womble Carlyle Sandridge & Rice, PLLC and Bricker & Eckler, LLP. Principal author Don Lampe is recognized as one of the nation’s leading authorities on mortgage lending and on the various anti-predatory lending statutes around the country. Co-author Terrence O’Donnell represented industry participants before the Ohio General Assembly, the Ohio Division of Financial Institutions, and the Ohio Attorney General as legislative counsel throughout the enactment of SB 185.   Key Components of the Ohio Homebuyers’ Protection Act Compliance Toolkit The Ohio Homebuyers’ Protection Act Compliance Toolkit is intended to be a guide for mortgage lenders, mortgage brokers, and mortgage service providers in developing their own compliance strategies. It is a comprehensive yet affordable compliance tool consisting of over 100 pages of explanatory text plus sample forms and appendices. It is designed for general use by banks, thrifts, credit unions, mortgage bankers and mortgage brokers, as well as secondary market participants.   Contained in the Toolkit are:     Definitions and Overview Changes to Mortgage Broker Licensing New “Duties” for Mortgage Brokers and Mortgage Lenders Overview of Charges and Fees “Covered Loans” and Amendments to Ohio’s Predatory Lending Act Compliance and “Avoidance” Strategies Guidance for Settlement Services Providers Overview of Consumer Sales Practices Act Amendments Special Disclosure Requirements Sample Calculations, Charts and Checklists Sample Disclosure Forms

Toolkit Cost: $575 plus tax (OH residents only) and shipping    Download order form    Who is the Toolkit for? Underwriters Processors Originators Managers

About the Authors

Donald C. Lampe is a Member of Womble Carlyle Sandridge & Rice, PLLC, in the firm's Charlotte, North Carolina office.  Don is a member of the bank regulatory practice team of the firm's Capital Markets Business Group.  Don's practice includes counseling a broad array of consumer financial services providers, including commercial banks, mortgage brokers and mortgage bankers, retailers, insurance companies, securities issuers and underwriters, finance companies, and trade associations on matters of state and federal law.  His experience includes compliance, development of forms and systems, regulatory and administrative matters, mergers and acquisitions, asset securitizations, contract negotiations and legislative matters.  Don currently serves as the Chair of the Consumer Financial Services Committee of the ABA’s Business Law Section.  He is a fellow in The American College of Consumer Financial Services Lawyers and serves on the Governing Committee of the Conference on Consumer Finance Law.  Don's practice includes working with the attorneys in Womble Carlyle's extensive consumer financial services litigation practice.  Womble Carlyle has represented major consumer financial services providers in various class-action and individual lawsuits, including high-cost home loan, RESPA, "forced place" insurance, and insurance trade practices cases.  Don regularly presents at national seminars and conferences on topics of creditors' enforcement of remedies, predatory lending, and regulation of mortgage lending.  His publications include articles on consumer credit legislation, predatory lending, ECOA litigation, mortgage broker regulation, lender liability, and usury laws in residential mortgage transactions.  He received his B.S. degree (Phi Beta Kappa) from the Massachusetts Institute of Technology and his law degree from Duke University, and is admitted to practice in North Carolina and Texas.

Terrence O’Donnell is a member of the Bricker & Eckler, LLP governmental relations practice group.  His practice focuses on public policy, legislative and administrative affairs, litigation, ethics and election law.  His experience includes representing a major national lender as legislative and regulatory counsel in Ohio before the General Assembly, Ohio Division of Financial Institutions (DFI) and the Ohio Attorney General throughout the passage of Senate Bill 195.  He has also served on a contract basis as an administrative hearing officer for the DFI in mortgage broker licensure cases.  Bricker & Eckler has also represented a statewide mortgage industry trade association in various matters related to mortgage banking.  Terrence speaks statewide on predatory lending issues, and assists individual companies manage compliance.  Terrence earned his undergraduate degree from Miami University and his law degree from the University of Notre Dame.