Ohio Code § 1303.51

§ 1303.51.

(A) As used in this section, “ obligated bank ” means the acceptor of a certified check or the issuer of a cashier's check or teller's

check bought from the issuer. (B) If the obligated bank wrongfully refuses to pay a cashier's check or certified check,

wrongfully stops payment of a teller's check, or wrongfully refuses to pay a dishonored

teller's check, the person asserting the right to enforce the check is entitled to

compensation for expenses and loss of interest resulting from the nonpayment and may

recover consequential damages if the obligated bank refuses to pay after receiving

notice of particular circumstances giving rise to the damages. (C) Expenses or consequential damages otherwise recoverable under division (B) of this

section are not recoverable if the refusal of the obligated bank to pay occurs because

of any of the following: (1) The bank suspends payments. (2) The obligated bank asserts a claim or defense of the bank that it has reasonable

grounds to believe is available against the person entitled to enforce the instrument. (3) The obligated bank has a reasonable doubt whether the person demanding payment is

the person entitled to enforce the instrument. (4) Payment is prohibited by law.