Ohio § 1317.09
Full text of Ohio Ohio Revised Code § 1317.09, with citation guidance and answers to common questions.
§ 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.
Frequently Asked Questions About Ohio § 1317.09
What does Ohio Revised Code § 1317.09 cover?
Section 1317.09 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 § 1317.09?
A common citation format is "Ohio Revised Code § 1317.09" (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 § 1317.09 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.