Ohio Code § 4707.261
Ohio Code § 4707.261. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 4707.261.
A person who obtains a final judgment in a court of competent jurisdiction against
a person licensed under this chapter, on the grounds of conduct by the licensee that
is described in section 4707.15 of the Revised Code or that otherwise violates this chapter or rules adopted under it and that is associated
with an act or transaction that only a licensee lawfully may perform, may file a verified
application in a court of common pleas for an order directing payment from the auction
recovery fund. The application shall be accompanied by the judgment entry and may seek payment
in an amount that is equal to the portion of the judgment that remains unpaid. The application shall specify the nature of the act or transaction on which the underlying
judgment was based, the activities of the applicant in pursuit of remedies available
under the law for the collection of judgments, and the actual and direct losses sustained
by the applicant. The applicant shall attach to the application a copy of each pleading and order
in the underlying court action. In addition, the application shall include proof of the applicant's actual and direct
loss. Whenever possible, the court shall require all applicants and prospective applicants
whose claims to the fund arose from an underlying judgment against the same licensee
to be joined in one action under this section so that the rights of all applicants
may be equitably adjudicated and settled.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 4707.261
- 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 § 4707.261?
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 § 4707.261 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 § 4707.261 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.