Ohio Code § 1317.062
Ohio Code § 1317.062. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1317.062.
(A)(1) As an alternative to the delinquent charges permitted in division (B) of section 1317.06 and division (B) of section 1317.11 of the Revised Code , a retail seller or holder may contract for and receive delinquent charges in any
amount agreed upon or consented to by the parties to the retail installment contract
or revolving budget agreement. (2) Each retail installment contract and revolving budget agreement permitting delinquent
charges in accordance with division (A)(1) of this section shall contain a statement
that clearly and concisely informs the consumer of the amount of the delinquent charges
and the conditions under which the delinquent charges will be charged. (B) A retail seller or holder may contract with a retail buyer for and receive check
collection charges for each check or other negotiable instrument that is issued as
payment on the retail installment contract or revolving budget agreement and that
is returned or dishonored for any reason. (C) Any charges that are contracted for and received by a retail seller or holder as
permitted by this section shall not be included in the computation of the annual percentage
rate or rates of interest or finance charges for purposes of determining whether the
maximum annual percentage rate or maximum rate or rates of interest or finance charges
authorized under sections 1317.06 , 1317.061 , and 1317.11 of the Revised Code have been exceeded.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1317.062
- 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 § 1317.062?
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 § 1317.062 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 § 1317.062 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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