Ohio Revised Code Search

...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...

...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...

...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...

...nstitutes probable cause for a criminal action.

...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...

...(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...

...(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...

...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.

...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...

...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 ...

...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...

... 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...

...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.

...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...

...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.

...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...

...if the information is not encrypted, redacted, or altered by any method or technology in such a manner that the information is unreadable, and the breach of which is likely to result in a material risk of identity theft or other fraud to person or property. As used in this division, "encrypted," "individual," and "redacted" have the same meanings as in section 1349.19 of the Revised Code.

...if it is based on all of the following factors: (1) The size and complexity of the covered entity; (2) The nature and scope of the activities of the covered entity; (3) The sensitivity of the information to be protected; (4) The cost and availability of tools to improve information security and reduce vulnerabilities; (5) The resources available to the covered entity. (D)(1) A covered entity that satisfie...

...nsurance Portability and Accountability Act of 1996," as set forth in 45 CFR Part 164 Subpart C; (b) Title V of the "Gramm-Leach-Bliley Act of 1999," Public Law 106-102, as amended; (c) The "Federal Information Security Modernization Act of 2014," Public Law 113-283; (d) The "Health Information Technology for Economic and Clinical Health Act," as set forth in 45 CFR part 162. (2) When a framework listed in divisi...

...construed to provide a private right of action, including a class action, with respect to any act or practice regulated under those sections.

...If any provision of sections 1354.01 to 1354.05 of the Revised Code or the application thereof to a covered entity is for any reason held to be invalid, the remainder of the provisions under those sections and the application of such provisions to other covered entities shall not be thereby affected.

...d to regulate certain types of business activity in this state and persons engaged in such business, including the issuance of licenses or other types of authorization. (2) The superintendent of financial institutions determines the department or agency would regulate a sandbox participant if the person were not a sandbox participant. (B) "Consumer" means a person that obtains, from a sandbox participant, a novel...

...The superintendent of financial institutions shall establish a regulatory sandbox program in consultation with applicable agencies to enable a person to obtain limited access to the market in this state to test novel financial products or services without obtaining any other license or authorization that otherwise would be required.

...ed and performed and where all required records, documents, and data will be maintained; (c) Payment of an application fee established by the superintendent. (2) The application form may require the applicant to provide the following information: (a) Relevant personal and contact information for the applicant, including full legal names, addresses, telephone numbers, electronic mail addresses, web site addresse...

...estigated, sanctioned, or pursued legal action against the applicant. (B) Whether the applicant could obtain a license or other authorization from an applicable agency after exiting the regulatory sandbox.