Ohio Revised Code Chapter 4712 - Ohio Credit Services Organization Act

• Section 4712.01 - Credit Services Organization Act Definitions.
  As used in sections 4712.01 to 4712.14 of the Revised Code: (A) "Buyer" means an individual who is solicited to purchase or who purchases...
• Section 4712.02 - Certificate Of Registration.
  (A) A credit services organization shall file a registration application with, and receive a certificate of registration from, the division of financial institutions before...
• Section 4712.03 - Suspension, Revocation Or Refusal Of Certificate Of Registration.
  After notice and a hearing conducted in accordance with Chapter 119. of the Revised Code, the superintendent of financial institutions may suspend, revoke, or...
• Section 4712.04 - Providing Buyer With Written Statement Of Rights.
  (A) Before executing a contract or agreement with a buyer or receiving money or other valuable consideration, a credit services organization shall provide the...
• Section 4712.05 - Contents And Execution Of Contract.
  (A) Each contract between the buyer and a credit services organization for the purchase of the services of the organization shall be in writing,...
• Section 4712.06 - Surety Bond.
  (A) No credit services organization shall conduct business in this state unless the organization has obtained a surety bond issued by a surety company...
• Section 4712.07 - Prohibited Acts.
  No credit services organization, salesperson, agent, or representative of a credit services organization, or independent contractor that sells or attempts to sell the services...
• Section 4712.08 - Prohibiting Fraudulent Activities.
  No credit services organization shall do any of the following: (A) Obtain a certificate of registration through any false or fraudulent representation or make...
• Section 4712.09 - Waiving Rights.
  (A) No credit services organization shall cause or attempt to cause a buyer to waive a right under sections 4712.01 to 4712.14 of the...
• Section 4712.10 - Action For Recovery Of Damages.
  (A) (1) A buyer injured by a violation of sections 4712.01 to 4712.14 of the Revised Code may bring an action for recovery of...
• Section 4712.11 - Violating Consumer Sales Practices Act.
  (A) A violation of division (J) of section 4712.02, division (E) of section 4712.04, division (D) or (E) of section 4712.05, division (A) of...
• Section 4712.12 - Investigating Violations - Injunctions.
  (A) The division of financial institutions may investigate alleged violations of sections 4712.01 to 4712.14 of the Revised Code, or the rules adopted thereunder,...
• Section 4712.13 - Disclosing Certificate Of Registration Number.
  A credit services organization shall disclose in any printed or published advertisement relating to the credit services organization's services, the number designated on the...
• Section 4712.14 - Administrative Rules.
  The superintendent of financial institutions may adopt, in accordance with Chapter 119. of the Revised Code, reasonable rules to carry out the purposes of...
• Section 4712.15 - Compliance With Law Regarding Sanctions For Human Trafficking.
  The superintendent of financial institutions shall comply with section 4776.20 of the Revised Code. Added by 129th General AssemblyFile No.169, HB 247, §1, eff.
• Section 4712.99 - Penalty.
  Whoever violates division (J) of section 4712.02, division (E) of section 4712.04, division (D) or (E) of section 4712.05, division (A) of section 4712.06,...

Last modified: October 10, 2016