Effective: February 11, 1982
Latest Legislation: House Bill 526 - 114th General Assembly
As an alternative to the finance charges permitted in division (A) of section 1317.06 of the Revised Code or the interest permitted in division (B) of that section, and to the finance charges permitted in division (B) of section 1317.11 of the Revised Code, a retail seller or holder may contract for and receive finance charges or interest at any rate or rates agreed upon or consented to by the parties to the retail installment contract or revolving budget agreement, but not exceeding an annual percentage rate of twenty-five per cent.
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.