Skip to main content
Back To Top Top Back To Top
Home Button Home Button Home Button
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 1321.671 | Repayment of consumer installment loan.

Ohio Revised Code
/
Title 13 Commercial Transactions
/
Chapter 1321 Various Loans
 
Effective:
September 12, 2017
Latest Legislation:
Senate Bill 24 - 132nd General Assembly
PDF:
Download Authenticated PDF
 

(A) Upon repayment of the loan in full, the original note signed by any obligor or copy, photograph, or stored representation of the original note as retained in accordance with section 1321.66 of the Revised Code shall be plainly marked "paid" or "canceled" and the note or the reproduction of the note shall be returned to the obligor or, if there are two or more obligors, to one of them.

(B) If requested, the licensee shall give to the borrower a receipt for each payment made on account of any interest- bearing or precomputed loan.

Last updated November 5, 2021 at 5:38 PM

Available Versions of this Section