Section 1313.56 of the Revised Code does not apply unless the person to whom such sale, conveyance, transfer, mortgage, or assignment is made, knew of such fraudulent intent on the part of such debtor. Said section does not vitiate or affect any mortgage made in good faith to secure any debt or liability created simultaneously with such mortgage, if such mortgage is filed for record in the county wherein the property is situated, or as otherwise provided by law, within three days after its execution, and when, upon foreclosure or taking possession of such property, the mortgagee fully accounts for the proceeds thereof.
Ohio Rev. Code Ann. § 1313.57
Knowledge of fraudulent intent material - mortgage in good faith
Applied in 5 court decisions — leading case In Re: Daniel Fordu, Debtor. Harold A. Corzin v. Julie A. Fordu (1999)
Most recently applied in Rieser v. Dinsmore & Shohl, LLP (In re Troutman Enterprises, Inc.) (September 2005)
Effective: October 1, 1953; Latest Legislation: House Bill 1 - 100th General Assembly
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.