Which individuals are exempt from licensure under Ohio mortgage law?

The correct answer pertains to non-profit housing counselors. Under Ohio mortgage law, individuals providing services as non-profit housing counselors are exempt from licensure requirements. This exemption is in place because these counselors typically work to assist borrowers with their mortgage processes, providing valuable education and resources without focusing primarily on commission-based compensation for originating loans.

Real estate investors, while they may engage in numerous transactions, usually do not qualify for blanket exemptions unless they strictly operate within certain conditions defined by the law. The negotiating of terms for multiple loans, regardless of the number—whether three or ten in a year—typically requires licensure, signaling the importance of adhering to regulatory frameworks to protect consumers. Therefore, the provision of assistance by non-profit housing counselors stands out as a specific exemption within Ohio mortgage regulations.