Effective: November 25, 1969
Latest Legislation: Senate Bill 156 - 108th General Assembly
Every vendor under a land installment contract shall, at least once a year or on demand of the vendee, but no more than twice a year, furnish a statement to the vendee showing the following:
(A) The amount credited to principal and interest;
(B) The balance due.
A land contract passbook issued by the vendor or a financial institution shall be sufficient compliance with this section.
Structure Ohio Revised Code
Chapter 5313 | Land Installment Contracts
Section 5313.01 | Land Installment Contract Definitions.
Section 5313.02 | Required Provisions of Land Installment Contracts.
Section 5313.03 | Biannual Statements Furnished to Vendee.
Section 5313.04 | Vendee to Enforce Chapter Provisions.
Section 5313.05 | Default of Vendee.
Section 5313.06 | Notice of Forfeiture.
Section 5313.07 | Proceeding for Foreclosure and Judicial Sale.
Section 5313.08 | Action for Forfeiture and Restitution.
Section 5313.09 | Instrument of Cancellation of Land Contract.
Section 5313.10 | Terminating Land Installment Contract Is Exclusive Remedy.