 |
Online
Resource Center for Ohio RTO Dealers
|
|
Ohio
|
|
|
Lease-Purchase
Agreements
|
|
|
Ohio Revised
Code, as ammended.
|
|
|
Laws 1988,
H.B. 421, approved March 29, 1988, effective June 29 1988.
|
|
| § 1351.03 Prohibited provisions of agreement. | |
| Text of Statute | |
| (A) A lease-purchase agreement shall not contain a provision that requires a lessee to do any of the following: | |
| (1) Execute a warrant of attorney to confess judgment; | |
| (2) Authorize the lessor or an agent of the lessor to commit a breach of the peace in the repossession of property that is the subject of the lease-purchase agreement; | |
| (3) Waive a defense, counterclaim, or any right the lessee has against the lessor or an agent of the lessor. | |
| (B) No lease-purchase agreement shall provide that mere failure to return property constitutes probable cause for a criminal action. | |
|
Website
Created By High
Touch, Inc. Copyright© 2001
|
|