Ohio Code § 1317.09
Ohio Code § 1317.09. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1317.09.
Notwithstanding any retail installment contract to the contrary, any retail buyer
may satisfy in full at any time before maturity the debt of any retail installment
contract and in so satisfying such debt shall receive a refund credit thereon for
such anticipation of payments. The amount of such refund shall represent at least as great a proportion of the
total finance charge, less an acquisition cost of ten dollars, as the sum of the periodical
time balances, after the date of prepayment, bears to the sum of all the periodical
time balances under the schedule of payments in the original contract. When the amount of the credit for anticipation of payments is less than one dollar,
no refund need be made.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1317.09
- 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 § 1317.09?
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 § 1317.09 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 § 1317.09 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Statutes are amended, repealed, and renumbered every session.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.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.