Ohio § 1317.13 Time balance

Ohio Statutes

§ 1317.13 — Time balance

Ohio § 1317.13

Title 13Commercial Transactions

Ch. 1317Retail Installment Sales

This text of Ohio § 1317.13 (Time balance) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1317.13 (2026).

Text

As used in this section, "motor vehicle" and "mobile home" have the same meanings as in section4501.01of the Revised Code, and "manufactured home" has the same meaning as in section3781.06of the Revised Code.

Notwithstanding the provisions of section1309.609of the Revised Code or any agreement by the parties to a consumer transaction to the contrary, a secured party whose security interest is taken pursuant to section1317.071of the Revised Code shall not be entitled to take possession of the collateral, except for collateral that is a motor vehicle, a manufactured home, or a mobile home, upon default by the debtor if the time balance at the time of the default is less than twenty-five per cent of the sum of the time balance on the day such retail installment contract was executed and the 

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As used in this section, "motor vehicle" and "mobile home" have the same meanings as in section4501.01of the Revised Code, and "manufactured home" has the same meaning as in section3781.06of the Revised Code.

Notwithstanding the provisions of section1309.609of the Revised Code or any agreement by the parties to a consumer transaction to the contrary, a secured party whose security interest is taken pursuant to section1317.071of the Revised Code shall not be entitled to take possession of the collateral, except for collateral that is a motor vehicle, a manufactured home, or a mobile home, upon default by the debtor if the time balance at the time of the default is less than twenty-five per cent of the sum of the time balance on the day such retail installment contract was executed and the down payment recited in such contract.