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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 1317.061 | Retail seller or holder may contract for and receive alternative finance charges or interest.

Ohio Revised Code
/
Title 13 Commercial Transactions
/
Chapter 1317 Retail Installment Sales
 
Effective:
February 11, 1982
Latest Legislation:
House Bill 526 - 114th General Assembly
PDF:
Download Authenticated PDF
 

As an alternative to the finance charges permitted in division (A) of section 1317.06 of the Revised Code or the interest permitted in division (B) of that section, and to the finance charges permitted in division (B) of section 1317.11 of the Revised Code, a retail seller or holder may contract for and receive finance charges or interest at any rate or rates agreed upon or consented to by the parties to the retail installment contract or revolving budget agreement, but not exceeding an annual percentage rate of twenty-five per cent.

Available Versions of this Section