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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 1351.03 | Provisions prohibited in lease-purchase agreement.

Ohio Revised Code
/
Title 13 Commercial Transactions
/
Chapter 1351 Lease-purchase Agreements
 
Effective:
June 29, 1988
Latest Legislation:
House Bill 421 - 117th General Assembly
PDF:
Download Authenticated PDF
 

(A) A lease-purchase agreement shall not contain a provision that requires a lessee to do any of the following:

(1) Execute a warrant of attorney to confess judgment;

(2) Authorize the lessor or an agent of the lessor to commit a breach of the peace in the repossession of property that is the subject of the lease-purchase agreement;

(3) Waive a defense, counterclaim, or any right the lessee has against the lessor or an agent of the lessor.

(B) No lease-purchase agreement shall provide that mere failure to return property constitutes probable cause for a criminal action.

Available Versions of this Section