The Ohio CSPA prohibits deceptive and unfair practices in residential mortgage lending transactions for all of the following mortgage professionals, EXCEPT:

The Ohio Consumer Sales Practices Act (CSPA) is designed to protect consumers against unfair and deceptive practices in various transactions, including those related to residential mortgage lending. While this legislation applies to a variety of mortgage professionals to ensure ethical conduct and consumer protection, credit unions are typically governed by a different set of regulations that often allow them to operate with more flexibility under their own regulatory framework.

The CSPA is primarily aimed at those entities that fit the general classification of mortgage lenders, such as banks, mortgage brokers, and loan officers. These professionals must adhere strictly to the CSPA guidelines to ensure fair treatment of consumers. In contrast, credit unions, which are member-focused and generally operate on a not-for-profit basis, have specific exemptions and a separate set of regulations that may not fully align with the requirements of the CSPA. Therefore, while the CSPA places significant regulations on practices within the mortgage industry, credit unions are not included under the same scope as other mortgage professionals regarding the specific prohibitions outlined in the CSPA.