Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
Every retail installment sale shall be evidenced by an instrument in writing. A copy of said instrument shall be delivered to the retail buyer by the retail seller at the time of its execution. An acknowledgment of the delivery thereof contained in the body of the instrument is prima-facie proof of delivery in any action to enforce any obligation arising out of the retail installment sale. The written instrument shall contain all of the agreements of the parties, and shall set forth specifically all items and matters required by sections 1317.01 to 1317.11, inclusive, of the Revised Code. The reference to insurance shall recite generally the type of insurance the retail seller has agreed to procure for the retail buyer but such reference to insurance shall not be construed to imply the scope of the coverage, the terms, exceptions, limitations, restrictions, or condition of the contract of insurance to be furnished. Said sections do not require the retail seller to comply with this section at any time prior to the delivery of the specific goods to the retail buyer.
Structure Ohio Revised Code
Title 13 | Commercial Transactions
Chapter 1317 | Retail Installment Sales
Section 1317.01 | Retail Installment Sale Definitions.
Section 1317.02 | Buyer's Copy.
Section 1317.03 | Evidence of Indebtedness.
Section 1317.031 | Inclusion of Holder in Due Course.
Section 1317.04 | Separate Items to Be Listed in Written Instrument.
Section 1317.05 | Insurance Provisions; Debt Cancellation or Debt Suspension Products.
Section 1317.07 | Requirements of Retail Installment Contract.
Section 1317.071 | Limits on Security Interests.
Section 1317.08 | Unenforceable Retail Installment Contracts.
Section 1317.09 | Payment in Full Before Maturity - Refund Credit.
Section 1317.10 | Prior Agreement Is Not a Waiver.
Section 1317.11 | Prior Sales or Contracts Not Affected - Revolving Budget Agreements.
Section 1317.12 | Default - Notice, Curing.
Section 1317.13 | Time Balance.
Section 1317.14 | Waiver of Defenses Provision in Contract Is Void.
Section 1317.16 | Disposition of Collateral.
Section 1317.21 | Breach of Layaway Arrangement by Buyer.
Section 1317.22 | Contract for Sales Over $500 or Special Order Merchandise Require a Writing.
Section 1317.23 | Payment of Refunds.
Section 1317.24 | Failure to Comply Is Unfair or Deceptive Act or Practice.