Ohio § 1109.181
Full text of Ohio Ohio Revised Code § 1109.181, with citation guidance and answers to common questions.
§ 1109.181.
(A) As used in this section: (1) “ Revolving credit agreement ” means an agreement pursuant to which a bank contemplates repeated transactions and
the amount of credit that may be extended pursuant to the agreement is made available
to the extent that any outstanding balance is repaid. “ Revolving credit agreement ” does not include an agreement secured by a residential mortgage. (2) “ Residential mortgage ” means an obligation to pay a sum of money evidenced by a note or agreement and secured
by a lien upon real property located within this state containing two or fewer residential
units or on which two or fewer residential units are to be constructed, including
such an obligation on a residential condominium or cooperative unit. (B) Notwithstanding any limitations contained in sections 1109.18, 1109.20, or any other
section of the Revised Code, a bank may charge interest, fees, and other charges under
a revolving credit agreement at the same or lower rates or amounts that a bank located
in another state may charge its revolving credit customers in this state.
Frequently Asked Questions About Ohio § 1109.181
What does Ohio Revised Code § 1109.181 cover?
Section 1109.181 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 1109.181?
A common citation format is "Ohio Revised Code § 1109.181" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1109.181 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.