Effective: August 28, 2002
Latest Legislation: House Bill 464 - 124th General Assembly
(A) If a collection agency has been designated to collect on a check, negotiable order of withdrawal, share draft, or other negotiable instrument that has been returned or dishonored for any reason, the collection agency may charge and receive check collection charges of not more than thirty dollars or ten per cent of the face amount of the instrument, whichever is greater, and may charge and receive any charge imposed by a financial institution upon the holder of the check, negotiable order of withdrawal, share draft, or other negotiable instrument that has been returned or dishonored for any reason.
(B) A collection agency that imposes a check collection charge pursuant to division (A) of this section shall send written notice by regular mail to the debtor at the debtor's last known address or at the address shown on the check or other instrument. The notice shall provide the amount of the check collection charge that has been imposed, and shall state that the debtor is responsible for paying the check collection charge as well as the value of the check or other instrument.
Structure Ohio Revised Code
Title 13 | Commercial Transactions
Chapter 1319 | Miscellaneous Credit Transactions
Section 1319.01 | Liability for Unauthorized Use of Credit Card.
Section 1319.06 | Husband and Wife Must Join in Chattel Mortgage on Household Property.
Section 1319.07 | Definitions for Rc Sections 1319.07 to 1319.09.
Section 1319.08 | Use of Postclosing Solvency Covenant.
Section 1319.09 | Loans Without Nonrecourse Loan Provisions.
Section 1319.11 | Joining or Separating Claims of Creditors.
Section 1319.12 | Taking Assignment of Debts.