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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 5313.03 | Biannual statements furnished to vendee.

Ohio Revised Code
/
Title 53 Real Property
/
Chapter 5313 Land Installment Contracts
 
Effective:
November 25, 1969
Latest Legislation:
Senate Bill 156 - 108th General Assembly
PDF:
Download Authenticated PDF
 

Every vendor under a land installment contract shall, at least once a year or on demand of the vendee, but no more than twice a year, furnish a statement to the vendee showing the following:

(A) The amount credited to principal and interest;

(B) The balance due.

A land contract passbook issued by the vendor or a financial institution shall be sufficient compliance with this section.

Available Versions of this Section