Ohio Revised Code Chapter 1317 - Retail Installment Sales

• Section 1317.01 - Retail Installment Sale Definitions.
  As used in this chapter: (A) "Retail installment sale" includes every retail installment contract to sell specific goods, every consumer transaction in which the...
• Section 1317.02 - Buyer's Copy.
  Every retail installment sale shall be evidenced by an instrument in writing. A copy of said instrument shall be delivered to the retail buyer...
• Section 1317.03 - Evidence Of Indebtedness.
  A retail seller may require a retail buyer to execute and deliver a promissory note to evidence the indebtedness created by a retail installment...
• Section 1317.031 - Inclusion Of Holder In Due Course.
  Notwithstanding section 1303.35 of the Revised Code, a buyer who executes a purchase money loan installment note or a retail installment contract in connection...
• Section 1317.032 - Asserting Defenses Against Holder, Assignee, Or Transferee Of Purchase Money Loan Installment Note Or Retail Installment Contract.
  (A) A buyer who is entitled to assert in an action in connection with a consumer transaction any of the following defenses against the...
• Section 1317.04 - Separate Items To Be Listed In Written Instrument.
  The written instrument evidencing a retail installment sale and required by section 1317.02 of the Revised Code shall recite the following: (A) The cash...
• Section 1317.05 - Insurance Provisions; Debt Cancellation Or Debt Suspension Products.
  (A) Any retail seller who, in any retail installment contract, has agreed to purchase insurance for the retail buyer and to extend credit for...
• Section 1317.06 - Finance Charge - Rates - Service Charge - Contract For Payment Of Delinquent Charges.
  (A) A retail seller at the time of making any retail installment sale may charge and contract for the payment of a finance charge...
• Section 1317.061 - Retail Seller Or Holder May Contract For And Receive Alternative Finance Charges Or Interest.
  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...
• Section 1317.062 - Retail Seller Or Holder May Contract For And Receive Alternative Delinquent Charges.
  (A) (1) As an alternative to the delinquent charges permitted in division (B) of section 1317.06 and division (B) of section 1317.11 of the...
• Section 1317.07 - Requirements Of Retail Installment Contract.
  No retail installment contract authorized by section 1317.03 of the Revised Code that is executed in connection with any retail installment sale shall evidence...
• Section 1317.071 - Limits On Security Interests.
  No retail seller, in connection with a retail installment contract arising out of a consumer transaction, shall take any security interest other than as...
• Section 1317.08 - Unenforceable Retail Installment Contracts.
  (A) (1) No retail installment contract that evidences an indebtedness greater than that allowed under sections 1317.06, 1317.061, 1317.062, and 1317.07 of the Revised...
• Section 1317.09 - Payment In Full Before Maturity - Refund Credit.
  Notwithstanding any retail installment contract to the contrary, any retail buyer may satisfy in full at any time before maturity the debt of any...
• Section 1317.10 - Prior Agreement Is Not A Waiver.
  No agreement of any retail buyer made prior to or concurrent with the execution of any retail installment contract is a waiver of sections...
• Section 1317.11 - Prior Sales Or Contracts Not Affected - Revolving Budget Agreements.
  Sections 1317.01 to 1317.10 of the Revised Code do not apply to any sale or to any contract to sell made prior to August...
• Section 1317.12 - Default - Notice, Curing.
  Notwithstanding any agreement to the contrary in a retail installment contract made on or after the effective date of this section, if collateral for...
• Section 1317.13 - Time Balance.
  As used in this section, "motor vehicle" and "mobile home" have the same meanings as in section 4501.01 of the Revised Code, and "manufactured...
• Section 1317.14 - Waiver Of Defenses Provision In Contract Is Void.
  Any provision in a retail installment contract or in any other agreement that is executed on or after August 1, 1980, by which a...
• Section 1317.16 - Disposition Of Collateral.
  (A) A secured party whose security interest is taken pursuant to section 1317.071 of the Revised Code may, after default, dispose of any or...
• Section 1317.21 - Breach Of Layaway Arrangement By Buyer.
  (A) Notwithstanding division (B) of section 1302.92 of the Revised Code and excluding layaway arrangements made pursuant to section 1317.22 of the Revised Code,...
• Section 1317.22 - Contract For Sales Over $500 Or Special Order Merchandise Require A Writing.
  (A) If a contract for sale at retail is a layaway arrangement involving the sale of merchandise or specific goods at a price above...
• Section 1317.23 - Payment Of Refunds.
  Refunds provided to a buyer under sections 1317.21 and 1317.22 of the Revised Code shall be made by the seller within thirty days of...
• Section 1317.24 - Failure To Comply Is Unfair Or Deceptive Act Or Practice.
  A seller's failure to comply with sections 1317.21 to 1317.23 of the Revised Code is an unfair or deceptive act or practice in violation...
• Section 1317.99 - Penalty.
  (A) Whoever willfully violates sections 1317.01 to 1317.11, inclusive, of the Revised Code, shall be fined not more than one thousand dollars or imprisoned...

Last modified: October 10, 2016