1315.01 DEFINITIONS.
As used in this chapter certain terms are defined as follows:
(a) "Home construction contract" means a contract entered into between an original contractor and an owner, part owner or lessee for the building, construction, repair, replacement, remodeling, alteration, conversion, modernization or improvement of any single or double-family dwelling or portion of the dwelling or a residential unit of any condominium property that has been submitted to the provisions of Ohio R. C. Chapter 5311; an addition to any land; or the construction, replacement, installation or improvement of driveways, sidewalks, swimming pools, porches, garages, carports, landscaping, fences, fallout shelters, siding, roofing, storm windows, awnings and other improvements that are adjacent to single or double-family dwellings or upon lands that are adjacent to single or double-family dwellings or residential units of condominium property, if the dwelling, residential unit of condominium property, or land is used or intended to be used as a personal residence by the owner, part owner, or lessee.
(b) "Home purchase contract" means a contract for the purchase of any single or double-family dwelling or residential unit of a condominium property that has been subjected to the provisions of Ohio R. C. Chapter 5311 if the purchaser uses or intends to use the dwelling, a unit of a double-family dwelling, or the condominium unit as his personal residence.
(c) "Lending institution" means any person who enters into a contract with the owner, part owner, purchaser or lessee to provide financing for a home construction contract or a home purchase contract, which financing is secured in whole or in part by a mortgage on the real estate upon which the improvements contemplated by the home construction contract are to be made or upon the property that is the subject of the home purchase contract, and that makes direct disbursements under the contract to any original contractor or the owner, part owner, purchaser or lessee.
(d) "Original contractor" includes any person with whom the owner, part owner, lessee or purchaser under a home purchase contract has directly contracted.
(Ord. 78-8. Passed 2-20-78.)