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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1317.03 | Evidence of indebtedness.

Ohio Revised Code
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Title 13 Commercial Transactions
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Chapter 1317 Retail Installment Sales
 
Effective:
July 1, 1962
Latest Legislation:
Senate Bill 5 - 104th General Assembly
PDF:
Download Authenticated PDF
 

A retail seller may require a retail buyer to execute and deliver a promissory note to evidence the indebtedness created by a retail installment sale, and, to secure the payment of the indebtedness created by the sale or evidenced by the promissory note or to secure the performance of any other condition of the sale, may require the retail buyer to execute and deliver a security agreement to give the retail seller a security interest in the specific goods which were the subject matter of the retail installment sale. A written instrument required by section 1317.02 of the Revised Code may evidence the security interest.

Available Versions of this Section