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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 4517.261 | Documentary service charge for sale or lease.

Ohio Revised Code
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Title 45 Motor Vehicles-Aeronautics-Watercraft
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Chapter 4517 Motor Vehicle Dealers, Auction Owners, and Salespersons
 
A new version of Section 4517.261 exists that takes effect October 24, 2024View New Version
Effective:
September 29, 2007
Latest Legislation:
House Bill 119 - 127th General Assembly
PDF:
Download Authenticated PDF
 

A motor vehicle dealer may contract for and receive a documentary service charge for a retail or wholesale sale or lease of a motor vehicle. A documentary service charge shall be specified in writing without itemization of the individual services provided. A documentary service charge shall be not more than the lesser of the following:

(A) The amount allowed in a retail installment sale;

(B) Ten per cent of the amount the buyer or lessee is required to pay pursuant to the contract, excluding tax, title, and registration fees, and any negative equity adjustment.

Available Versions of this Section