Ohio § 5126.62 No liability for defaults on loans

Ohio Statutes

§ 5126.62 — No liability for defaults on loans

Ohio § 5126.62

Title 51Public Welfare

Ch. 5126County Boards of Developmental Disabilities

This text of Ohio § 5126.62 (No liability for defaults on loans) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 5126.62 (2026).

Text

The county, board of county commissioners,    county board of    developmental disabilities,    and county investing   authority are not liable to any eligible    lending institution in  any manner for   payment of the principal or    interest on a loan to  an eligible organization.    Delay in payment    or default on the  part of an eligible organization does not   in   any    manner affect  the residential facility linked deposit agreement    between   the   county investing authority and the eligible lending    institution.

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The county, board of county commissioners, county board of developmental disabilities, and county investing authority are not liable to any eligible lending institution in any manner for payment of the principal or interest on a loan to an eligible organization. Delay in payment or default on the part of an eligible organization does not in any manner affect the residential facility linked deposit agreement between the county investing authority and the eligible lending institution.