The bill amends various sections of the Ohio Revised Code to enhance the requirements for recording liens and other instruments related to real property. It mandates that any lien filed with the county recorder must include the last known address of the lien debtor, explicitly prohibiting the use of post office boxes. Additionally, it requires memoranda of trust or other qualifying instruments concerning real property to be recorded, thereby improving transparency in property transactions. The bill also modifies existing provisions related to unemployment compensation liens and employer contributions, ensuring that the county recorder includes the employer's name and last known address in the lien notice. Furthermore, it clarifies that the recording of options to purchase real estate serves as notice to potential purchasers only during the validity period of the option.

In addition to the amendments regarding property transactions, the bill introduces new regulations concerning service agreements related to residential real estate, defining unfair agreements and establishing that any such recorded agreements are void and unenforceable. It also outlines the responsibilities of vendors and consumers regarding tax collection and remittance, making vendors personally liable for unpaid taxes on transactions involving watercraft or outboard motors. The bill specifies new requirements for filing assessments, including the necessity for the tax commissioner's entry to include the assessed party's name and last known address. Lastly, it repeals several existing sections of the Revised Code, indicating a significant restructuring of the legal framework to streamline processes and update regulations in line with the new provisions.

Statutes affected:
As Introduced: 3123.67, 4123.78, 4141.23, 5301.071, 5301.255, 5719.04, 5739.13, 5747.13, 5749.07
As Reported By Senate Committee: 3123.67, 4123.78, 4141.23, 5301.071, 5301.255, 5719.04, 5739.13, 5747.13, 5749.07
As Passed By Senate: 3123.67, 4123.78, 4141.23, 5301.071, 5301.255, 5719.04, 5739.13, 5747.13, 5749.07
As Reported By House Committee: 317.08, 3123.67, 4123.78, 4141.23, 5301.071, 5301.255, 5301.99, 5719.04, 5739.13, 5747.13, 5749.07