Frequently Asked Questions - Debtors

If I loaned more than $1,000 to my adult child, or any other relative, do I have to disclose the relative as a person who owes me money?

Yes, if your relative resides in Ohio. R.C. 102.02(A)(2)(f) requires that a filer disclose the names of all persons residing or transacting business in the state, who owe him more than $1,000, either in his own name or to any other person for his use or benefit. There is no exception for loans to relatives. Adv. Op. No. 77-007.

Financial Disclosure FAQs