Ohio § 1309.513

§ 1309.513.

(A) A secured party shall cause the secured party of record for a financing statement

to file a termination statement for the financing statement if the financing statement

covers consumer goods and: (1) There is no obligation secured by the collateral covered by the financing statement,

and no commitment to make an advance, incur an obligation, or otherwise give value;

 or (2) The debtor did not authorize the filing of the initial financing statement. (B) To comply with division (A) of this section, a secured party shall cause the secured

party of record to file the termination statement: (1) Within one month after there is no obligation secured by the collateral covered by

the financing statement and no commitment to make an advance, incur an obligation,

or otherwise give value;  or (2) If earlier, within twenty days after the secured party receives an authenticated

demand from a debtor. (C) In cases not governed by division (A) of this section, within twenty days after a

secured party receives an authenticated demand from a debtor, the secured party shall

cause the secured party of record for a financing statement to send to the debtor

a termination statement for the financing statement or file the termination statement

in the filing office if: (1) Except in the case of a financing statement covering accounts or chattel paper that

has been sold or goods that are the subject of a consignment, there is no obligation

secured by the collateral covered by the financing statement and no commitment to

make an advance, incur an obligation, or otherwise give value; (2) The financing statement covers accounts or chattel paper that have been sold but

as to which the account debtor or other person obligated has discharged its obligation; (3) The financing statement covers goods that were the subject of a consignment to the

debtor but are not in the debtor's possession;  or (4) The debtor did not authorize the filing of the initial financing statement. (D) Except as provided in section 1309.510 of the Revised Code , upon the filing of a termination statement with the filing office, the financing

statement to which the termination statement relates ceases to be effective.  Except as provided in section 1309.510 of the Revised Code , for purposes of division (G) of section 1309.519 , division (A) of section 1309.522 , and division (C) of section 1309.523 of the Revised Code , the filing with the filing office of a termination statement relating to a financing

statement that indicates that the debtor is a transmitting utility also causes the

effectiveness of the financing statement to lapse.