In the fall of 2015, state representatives Jonathan Dever and Robert McColley introduced House Bill 303 to create the D.O.L.L.A.R. Deed Program. The acronym D.O.L.L.A.R. stands for Deed Over, Lender Leaseback and Agreed Finance. Substitute House Bill 303 was signed into law by Governor John Kasich on June 28, 2016.
As a result, pursuant to Ohio Revised Code Section 5315.02, OHFA has enacted Ohio Administrative Code Rule 175-11-01, which sets forth a link to this webpage where model forms will be located that can be used by lenders that wish to use the D.O.L.L.A.R. Deed Program.
The model forms are as follows:
- D.O.L.L.A.R. Deed Application (68 KB Adobe PDF File)
- Ohio Deed in Lieu of Foreclosure (15 KB Word File)
- Ohio Residential Lease Agreement (31 KB Word File)
All information, forms and other resources available through this website are provided "as is," without any expressed or implied warranty of any kind, including warranties of merchantability, legal effect, accuracy, appropriateness, completeness, non-infringement or fitness for a particular purpose. All forms and other resources should be used only as a general guide for legal drafting, and you should review the form agreements to determine if they meet your particular needs with regard to your particular borrowers. These forms should be used as a guide only, and you should insert any applicable language that may be appropriate for your use in providing this form of assistance to struggling homeowners. These forms should also be modified to meet all the applicable laws and regulations in the county where the property is located or as applicable to your own considerations. You understand that you are using any and all forms and other resources available through this website at your own risk.
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For More Information
Questions about this program? Please email: Savethedream@ohiohome.org