What agency is responsible for regulating the mortgage industry in Ohio?

The Division of Financial Institutions is the agency responsible for regulating the mortgage industry in Ohio. This division operates under the Ohio Department of Commerce, overseeing mortgage loan originators, brokers, and other entities involved in the mortgage lending process. Its primary role includes licensing, ensuring compliance with state and federal regulations, and protecting consumers in their financial transactions related to mortgages.

The other options do not have the specific regulatory authority required for overseeing the mortgage industry in Ohio. The Federal Trade Commission primarily deals with consumer protection and competition issues across various industries, including finance, but does not directly regulate mortgages at the state level. The Ohio Department of Commerce encompasses various sectors, but it is the Division of Financial Institutions that specifically addresses mortgage regulation. Lastly, the Ohio Mortgage Association is a trade organization that represents the interests of mortgage professionals, but it does not have regulatory power or authority to enforce mortgage laws.