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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 4517.40 | Restricting retail installment contract sales.

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
 
Effective:
January 1, 2004
Latest Legislation:
Senate Bill 123 - 124th General Assembly
PDF:
Download Authenticated PDF
 

(A) No person who is engaged in or about to engage in the business of selling motor vehicles at retail shall enter into any contract, agreement, or understanding, express or implied, with any manufacturer or distributor of motor vehicles, that the person will sell only to a designated person or class of persons all or any part of the retail installment contracts arising out of the sale by the person of motor vehicles, or that the person will refuse to sell such retail installment contracts to any designated person or class of persons. Any such contract, agreement, or understanding is void.

(B) Whoever violates this section is guilty of a misdemeanor of the fourth degree.

Available Versions of this Section