HB 199 modifies the Ohio Mortgage Loan Law and creates the Ohio Residential Mortgage Lending Act. The bill limits the application of the Mortgage Loan Law to unsecured loans, and loans secured by property other than residential real estate or a dwelling. The Ohio Residential Mortgage Lending Act regulates all non-depository lending secured by residential real estate. The bill also modifies an exemption to the Consumer Installment Loan Act. The bill clarifies that for a precomputed loan, the Consumer Installment Loan Act also applies when the first installment period exceeds one month by not more than 15 days, and the first installment payment amount is greater than the regular payments for interest charged for the extra days. Effective March 23, 2018.