If it passes, Ohio would have the most progressive foreclosure-prevention law in the nation, Rep. Mike Foley said. The state has the seventh-highest foreclosure rate in the nation, with an estimated 90,000 last year.
"So we're putting up as many roadblocks as possible to give us time to recalibrate and hopefully let the recovery straighten itself out," the Cleveland Democrat said of the bill, which will face strong opposition from the banking industry.
More than a month after taking control of the House, Democrats and Speaker Armond Budish of Beachwood rolled out a wide range of priority bills yesterday, including a ban on marketing credit cards at college campuses, and giving high schools the equipment needed to offer Advanced Placement courses through teleconferencing.