Ohio Code § 1309.628
Ohio Code § 1309.628. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1309.628.
(A) Unless a secured party knows that a person is a debtor or obligor, knows the identity
of the person, and knows how to communicate with the person: (1) The secured party is not liable to the person, or to a secured party or lienholder
that has filed a financing statement against the person, for failure to comply with
this chapter; and (2) The failure of the secured party to comply with this chapter does not affect the
liability of the person for a deficiency. (B) A secured party is not liable because of its status as secured party: (1) To a person that is a debtor or obligor, unless the secured party knows; (a) That the person is a debtor or obligor; (b) The identity of the person; and (c) How to communicate with the person; or (2) To a secured party or lienholder that has filed a financing statement against a person,
unless the secured party knows: (a) That the person is a debtor; and (b) The identity of the person. (C) A secured party is not liable to any person, and a person's liability for a deficiency
is not affected, because of any act or omission arising out of the secured party's
reasonable belief that a transaction is not a consumer-goods transaction or a consumer
transaction or that goods are not consumer goods, if the secured party's belief is
based on its reasonable reliance on: (1) A debtor's representation concerning the purpose for which collateral was to be used,
acquired, or held; or (2) An obligor's representation concerning the purpose for which a secured obligation
was incurred. (D) A secured party is not liable to any person under division (C)(2) of section 1309.625 of the Revised Code for its failure to comply with section 1309.616 of the Revised Code . (E) A secured party is not liable under division (C)(2) of section 1309.625 of the Revised Code more than once with respect to any one secured obligation.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1309.628
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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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
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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 § 1309.628 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 § 1309.628 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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