Ohio Code § 1109.181
Ohio Code § 1109.181. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1109.181.
(A) As used in this section: (1) “ Revolving credit agreement ” means an agreement pursuant to which a bank contemplates repeated transactions and
the amount of credit that may be extended pursuant to the agreement is made available
to the extent that any outstanding balance is repaid. “ Revolving credit agreement ” does not include an agreement secured by a residential mortgage. (2) “ Residential mortgage ” means an obligation to pay a sum of money evidenced by a note or agreement and secured
by a lien upon real property located within this state containing two or fewer residential
units or on which two or fewer residential units are to be constructed, including
such an obligation on a residential condominium or cooperative unit. (B) Notwithstanding any limitations contained in sections 1109.18, 1109.20, or any other
section of the Revised Code, a bank may charge interest, fees, and other charges under
a revolving credit agreement at the same or lower rates or amounts that a bank located
in another state may charge its revolving credit customers in this state.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1109.181
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 1109.181?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 1109.181 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 1109.181 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
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