Ohio Revised Code Search
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Section 135.705 | State not liable to participant or savings institution.
...(A) The state and the treasurer of state are not liable to any eligible savings institution or any eligible participant in any manner for the terms associated with a linked deposit savings account. Any misuse or misconduct on the part of an eligible savings institution or eligible participant does not in any manner affect the deposit agreement required by section 135.703 of the Revised Code between the eligible savin... |
Section 135.71 | Purpose of homeownership savings linked deposit program.
... a member of the uniformed services, on active duty assignment, who is a resident of this state via a residency or domicile election in accordance with 50 U.S.C. 4001, and has applied for a homeownership savings account at an eligible savings institution. A member of the uniformed services, who is an eligible participant, may apply for a homeownership savings account at an eligible savings institution on or after the... |
Section 135.80 | Municipal, port or lake facilities authority, and county linked deposit program.
... of the Revised Code, or applying for inactive moneys as provided in section 135.32 of the Revised Code, provided the institution agrees to lend the value of such deposit to eligible borrowers at up to three per cent below the present borrowing rate applicable to each borrower. The ordinance or resolution shall include requirements and provisions that are necessary to establish the program, including, but not l... |
Section 135.801 | Adopting resolution implementing residential facility linked deposit program.
...ed because of high interest rates. (5) Public moneys of the county are available for purposes of the residential facility linked deposit program. (6) At least one eligible lending institution has an office located within the territorial limits of the county into which the board may deposit the public moneys of the county. |
Section 135.802 | Contents of resolution implementing residential facility linked deposit program.
...vised Code: (A) Specific findings of fact justifying implementation of the residential facility linked deposit program in the county; (B) Guidelines to be followed by the county board of developmental disabilities in establishing standards under section 5126.49 of the Revised Code for approving applications for linked deposit loans; (C) Instructions to the county's investing authority as necessary for the ... |
Section 135.803 | Certifying availability of public moneys.
... commissioners shall determine whether public moneys of the county are available for a residential facility linked deposit and shall certify to the county board of developmental disabilities either that public moneys are available or that public moneys are not available. If public moneys are not available the certification shall indicate the date, if any, on which the board of county commissioners anticipat... |
Section 135.804 | Property tax payment linked deposit programs definitions.
...in a multiple-unit dwelling and a manufactured home or mobile home taxed as real property pursuant to division (B) of section 4503.06 of the Revised Code, owned and occupied as a home by an individual whose domicile is in this state and who has not acquired ownership from a person, other than the individual's spouse, related by consanguinity or affinity for the purpose of qualifying for a property tax payme... |
Section 135.805 | Property tax payment linked deposit programs.
.... Accordingly, it is declared to be the public policy of the state through property tax payment linked deposit programs established by counties to provide a source of low-cost funds for lending purposes to assist these citizens in timely paying property taxes on their homesteads. (B) A board of county commissioners, by resolution, may establish for the benefit of persons sixty-five years of age or older, or persons ... |
Section 135.806 | Duties of lending institution on receipt of RC 135.805 certificate.
...Upon placement of a certificate of deposit with an eligible lending institution pursuant to an agreement described in section 135.805 of the Revised Code, the eligible lending institution shall do both of the following: (A) Lend funds pursuant to the agreement to an eligible borrower; (B) Comply fully with the requirements of sections 135.804 to 135.807 of the Revised Code. |
Section 135.807 | Delivery of lien certificate to eligible lending institution.
...record the certificate in the official records provided for in section 317.08 of the Revised Code and shall index the certificate in the indexes provided for under section 317.18 of the Revised Code. If the lien subsequently is canceled, the cancellation also shall be recorded by the county recorder. When a loan is repaid in full, the eligible financial institution shall promptly record the full payment and can... |
Section 1351.01 | Lease-purchase agreement definitions.
...As used in this chapter: (A) "Advertisement" means any written, visual, or oral communication made to a lessee or prospective lessee by means of personal representation, newspaper, magazine, circular, billboard, direct mailing, sign, radio, television, telephone, or other means of communication, that aids, promotes, or assists, directly or indirectly, a lease-purchase agreement. (B) "Cash price" means the price... |
Section 1351.02 | Disclosures required in connection with lease-purchase agreement.
...ement; (12) That if any part of a manufacturer's warranty exists on the leased property when a lessee acquires ownership of the property, the warranty will be transferred to the lessee; (13) That the lessee is not required to purchase insurance for the property that is the subject of the lease from the lessor or from any insurer owned or controlled by the lessor; (14) A notice in a prominent place in at least twel... |
Section 1351.03 | Provisions prohibited in lease-purchase agreement.
...nstitutes probable cause for a criminal action. |
Section 1351.04 | Terms that may not be required.
...A lessor shall not require any of the following from a lessee: (A) The purchase of insurance from the lessor for property that is the subject of a lease-purchase agreement; (B) Any payment in addition to the number of lease payments specified in the lease-purchase agreement other than the payment described in division (B) of section 1351.06 of the Revised Code, that is required in order for the lessee to acquire ow... |
Section 1351.05 | Reinstatement of agreement after default.
...(A) A lessee who fails to make timely lease payments has the right to reinstate the original lease-purchase agreement without losing any rights or options previously acquired under the lease-purchase agreement within three lease terms after the expiration of the last lease term for which the lessee made a timely payment if the lessee surrenders the leased property to the lessor when the lessor or its agent requests h... |
Section 1351.06 | Acquiring ownership when 50% of payments equals cash price.
...(A) No lessor shall offer a lease-purchase agreement in which fifty per cent of all lease payments necessary to acquire ownership of the leased property exceed the cash price of the leased property. When fifty per cent of all lease payments made by a lessee equals the cash price of the property disclosed to the lessee pursuant to division (A)(11) of section 1351.02 of the Revised Code, the lessee shall acquire owners... |
Section 1351.07 | Advertisements - mandatory information to be supplied.
...rned by the "Consumer Credit Protection Act," 15 U.S.C.A. 1667, 90 Stat. 257, as amended, compliance with such act satisfies the requirements of this section. |
Section 1351.08 | Liability of lessor for noncompliance.
...of the following: (1) The costs of the action and reasonable attorney's fees as determined by the court; (2) The greater of the following: (a) The actual damages sustained by the lessee as a result of the failure of the lessor; (b)(i) In the case of an individual action, twenty-five per cent of the total amount necessary to acquire ownership of the property that is the subject of the lease-purchase agreement, but... |
Section 1351.09 | Limits on lessor's liability.
...ter discovering an error, and before an action for damages is filed against him pursuant to section 1351.08 of the Revised Code or written notice of the error is received from the lessee, the lessor notifies the lessee of the error and makes adjustments to the account of the lessee that are necessary to assure that the lessee is not required to pay an amount in excess of the amounts actually disclosed. This division ... |
Section 1353.01 | Farm machinery or construction equipment dealers or suppliers definitions.
...eement" means a written or implied contract, sales agreement, or security agreement between a supplier and a dealer that authorizes the dealer to engage in the retail sale and service of farm machinery or construction equipment in accordance with methods and procedures prescribed by the supplier and includes any data processing hardware the supplier requires the dealer to purchase to satisfy the minimum requirement... |
Section 1353.02 | Repurchase of inventory upon termination of agreement.
... evidenced by a written or implied contract, sales agreement, or security agreement in which the dealer agrees to maintain an inventory, and the dealer agreement is subsequently terminated by the supplier in violation of section 1353.06 of the Revised Code or of the terms of the dealer agreement or because of the merger or consolidation of the supplier with or into another corporation, the supplier shall repurchase t... |
Section 1353.03 | Effect on security interests - provisions are supplemental to agreement.
...plies may elect to pursue either a contract remedy or to enforce a repurchase of inventory under this chapter. An election by the dealer to pursue a contract remedy does not bar the right of the dealer to demand the repurchase under this chapter of inventory not affected by the contract remedy. |
Section 1353.04 | Compelling repurchase.
...ised Code, the dealer may bring a civil action to compel repurchase. If the court finds in favor of the dealer, the court shall order the supplier to repurchase the inventory at its current net price. In addition, the court shall order the supplier to pay to the dealer interest on the current net price of the inventory, computed pursuant to division (C) of section 1353.02 of the Revised Code, plus any freight charges... |
Section 1353.05 | Contracts prior to date of chapter.
...This chapter does not apply to any contract entered into before the effective date of this chapter unless it is a continuing contract that has no expiration date. |
Section 1353.06 | Cause for termination.
...etration requirements based on accurate records and after receiving notice from the supplier of the supplier's requirements. (3) Circumstances that do not constitute good cause for a supplier to terminate, fail to renew, or substantially alter the competitive circumstances of a dealer agreement include, without limitation, any of the following: (a) The dealer's refusal to purchase or accept delivery from the suppli... |