Miles v. Perpetual Savings & Loan Co.

Appellant argues in its first proposition of law that the statutory obligation of a savings and loan to appraise property prior to approving a loan secured by the property (R. C. 1151.292 [G] does not impose a duty to disclose to the borrower information concerning the property gleaned from the appraisal. We need not, and do not, reach that question upon the instant record.

One who acts as an agent for another becomes a fiduciary with respect to matters within the scope of the agency relation. Connelly v. Balkwill (1954), 160 Ohio St. 430, 116 N. E. 2d 701; Cahill v. Antonelli (R. I. 1978),…