Effective: July 26, 1984
Latest Legislation: House Bill 198 - 115th General Assembly
If the facility that is the subject of the contract is under construction, and is not available for service at the time the buyer signs the contract, the seller shall maintain a surety bond issued by a surety company authorized to do business in this state the principal sum of which shall be a minimum of ten thousand dollars. The seller is relieved from the obligation to maintain the bond twenty-four months after completion of the facility and commencement of service. The bond shall be in favor of the state of Ohio for the benefit of any person injured by having paid moneys for the use of a facility which fails to open within one hundred eighty days after the date upon which the buyer and seller entered into a contract, or closes within twenty-four months after completion of a facility and commencement of service. However, the aggregate liability of the surety to all persons for all breaches of the conditions of the bond provided herein shall in no event exceed the amount of the bond. Evidence of the bond shall be available for inspection upon request by the office of the attorney general, current contract holders, or prospective buyers.
Structure Ohio Revised Code
Title 13 | Commercial Transactions
Chapter 1345 | Consumer Sales Practices
Section 1345.01 | Consumer Sales Practices Definitions.
Section 1345.02 | Unfair or Deceptive Acts or Practices.
Section 1345.021 | Ethanol Blended or Mixed Into Gasoline.
Section 1345.022 | Installation of Unsafe Used Tires.
Section 1345.03 | Unconscionable Consumer Sales Acts or Practices.
Section 1345.031 | Unconscionable Acts by Supplier Prohibited - Unconscionable Provisions.
Section 1345.032 | Suppliers Soliciting Fees for Copies of Deeds.
Section 1345.04 | Jurisdiction.
Section 1345.05 | Attorney General Powers and Duties.
Section 1345.06 | Investigations by Attorney General.
Section 1345.07 | Remedies of Attorney General.
Section 1345.08 | Attorney General to Coordinate With Other Administrative Agency.
Section 1345.09 | Private Causes of Action.
Section 1345.091 | Claim or Defense Against Assignee of Loan.
Section 1345.092 | Supplier's Right to Cure.
Section 1345.10 | Final Judgment Admissible as Prima Facie Evidence.
Section 1345.11 | Bona Fide Errors.
Section 1345.12 | Applicability of Chapter - Exceptions.
Section 1345.13 | Remedies in Addition to Other Remedies.
Section 1345.19 | Jurisdiction.
Section 1345.21 | Home Solicitation Sale Definitions.
Section 1345.22 | Right of Buyer to Cancel.
Section 1345.23 | Written Agreement or Offer to Purchase.
Section 1345.24 | Retaining Notice of Cancellation.
Section 1345.25 | Presumption.
Section 1345.26 | Right of Buyer After Cancellation.
Section 1345.27 | Right of Seller After Cancellation.
Section 1345.28 | Deceptive Acts or Practices.
Section 1345.30 | Fitting, Sale, and Returns of Hearing Aids.
Section 1345.31 | Failing to Comply With Refund Obligations.
Section 1345.41 | Prepaid Entertainment Contract Definitions.
Section 1345.42 | Contract Provision of Prepaid Entertainment Contracts.
Section 1345.43 | Right of Buyer to Cancel.
Section 1345.44 | Prepaid Entertainment Contract Form.
Section 1345.45 | Retaining Notice of Cancellation.
Section 1345.46 | Buyer to Deliver Goods or Evidence of Membership to Seller After Cancellation.
Section 1345.47 | Defenses of Buyer Against Holder in Due Course.
Section 1345.48 | Deceptive Acts or Practices - Damages.
Section 1345.49 | Buyer's Waiver Void.
Section 1345.51 | Consumer Protection Enforcement Fund.
Section 1345.52 | Title Defect Recision Fund.
Section 1345.61 | Invention Development Services Definitions.
Section 1345.62 | Invention Development Services Contracts.
Section 1345.63 | Conspicuous and Legible Cover Sheet With Notice.
Section 1345.64 | Record of Contacts.
Section 1345.65 | Contract Contents.
Section 1345.67 | Maintaining Bond.
Section 1345.68 | Effect on Other Obligations, Rights, or Remedies.
Section 1345.71 | Nonconforming New Motor Vehicle Law Definitions.
Section 1345.72 | Duty to Repair - Repair Unsuccessful.
Section 1345.73 | Presumptions.
Section 1345.74 | Providing Written Statement of Rights.
Section 1345.75 | Civil Action for Loss.
Section 1345.76 | Resale or Lease of Buyback Conditions.
Section 1345.77 | Establishment and Qualification of Informal Dispute Resolution Mechanism.
Section 1345.78 | Buyback Violations.
Section 1345.81 | Using Nonoriginal Equipment Manufacturer Aftermarket Crash Parts.
Section 1345.90 | Defective Assistive Device Definitions.
Section 1345.91 | Express Written Warranty.
Section 1345.92 | Repair Is Unsuccessful or Untimely.
Section 1345.93 | Returned Devices.
Section 1345.94 | Applicability of Consumer Sales Practices Act.