Effective: July 1, 2003
Latest Legislation: Senate Bill 262 - 124th General Assembly
Notwithstanding any other provision of this chapter to the contrary, the director of agriculture may, within the director's discretion, make a payment out of the auction recovery fund to a person without first requiring the person to obtain a prior order issued by the director or by a court of competent jurisdiction if all of the following apply:
(A) The person claims to have sustained total actual and direct losses in the amount of one thousand dollars or less.
(B) The losses are associated with an act or transaction that only a person licensed under this chapter lawfully may perform.
(C) The licensee allegedly has engaged in actions that are described in section 4707.15 of the Revised Code or that otherwise violate this chapter or rules adopted under it.
(D) The amount of the alleged loss is readily ascertainable rather than speculative in nature.
(E) The claimant filed a properly notarized complaint with supporting documentation to the department not later than one year following the date of the alleged wrongful actions of the licensee.
(F) The department, within its discretion, determines that, based upon the evidence presented, justice would be better served by allowing compensation to be paid without first requiring the aggrieved party to obtain a judgment from a court of competent jurisdiction or an order of the department.
Structure Ohio Revised Code
Title 47 | Occupations-Professions
Section 4707.01 | Auctioneer Definitions.
Section 4707.011 | Administration.
Section 4707.02 | Unlicensed Practice.
Section 4707.021 | Real Property Auctions.
Section 4707.022 | Reserve Auction Presumed - Absentee Bidding - Agent of Owner or Consignee.
Section 4707.023 | Requirements for Absolute Auction - Bid by Licensee or Seller.
Section 4707.024 | Deposit of Auction Proceeds in Escrow or Trust Account - Disbursement.
Section 4707.03 | State Auctioneers Commission.
Section 4707.04 | Organization of Commission; Standards for Courses of Study.
Section 4707.05 | Auctioneers Fund.
Section 4707.06 | Record of Auctioneers.
Section 4707.07 | Auctioneer License.
Section 4707.072 | Nonresident One-Auction License.
Section 4707.074 | Auction Firm License Required for Person Providing Auction Services.
Section 4707.08 | Examinations.
Section 4707.10 | Fees - Renewals - Notice of Name or Address Change.
Section 4707.101 | Continuing Education for Auctioneers and Auction Firm Managers.
Section 4707.11 | Proof of Financial Responsibility.
Section 4707.111 | State Is Sole Regulator of Auctions.
Section 4707.12 | Reciprocity.
Section 4707.13 | Consent to Service by Nonresidents.
Section 4707.14 | Definite Place of Business.
Section 4707.15 | Disciplinary Actions.
Section 4707.151 | Bid Rigging Prohibition.
Section 4707.152 | Written Reprimand for Violations.
Section 4707.153 | Suspension for Failure to Complete Continuing Education.
Section 4707.16 | Investigation of Complaints.
Section 4707.171 | Auction Education Fund.
Section 4707.18 | Collection of Service Fees for Nonpayment in Court.
Section 4707.19 | Administrative Rules.
Section 4707.20 | Written Contract or Agreement in Duplicate Required.
Section 4707.21 | Records and Information.
Section 4707.22 | Advertisements.
Section 4707.23 | Effect of Child Support Default on License.
Section 4707.24 | Provisions Inapplicable to One-Time Residential Auction.
Section 4707.25 | Auction Recovery Fund.
Section 4707.26 | Initiating Claim Against Recovery Fund.
Section 4707.261 | Verified Application for Order Directing Payment Form Fund.
Section 4707.262 | Determining Whether Recovery Should Be From Real Estate or Auction Recovery Fund.
Section 4707.27 | Filing Notice of Application.
Section 4707.28 | Order Directing Payment.
Section 4707.29 | Limitations on Recovery.
Section 4707.30 | License Suspension.
Section 4707.31 | Director's Discretion to Make Payment Without Order.
Section 4707.32 | Recovery Against Auction Firm or Firm and Licensed Auctioneer.
Section 4707.33 | Compliance With Law Regarding Sanctions for Human Trafficking.