Ohio § 1321.671 Repayment of consumer installment loan

Ohio Statutes

§ 1321.671 — Repayment of consumer installment loan

Ohio § 1321.671

Title 13Commercial Transactions

Ch. 1321Various Loans

This text of Ohio § 1321.671 (Repayment of consumer installment loan) 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. § 1321.671 (2026).

Text

(A)Upon repayment of the loan in full, the original note signed by any obligor or copy, photograph, or stored representation of the original note as retained in accordance with section1321.66of the Revised Code shall be plainly marked "paid" or "canceled" and the note or the reproduction of the note shall be returned to the obligor or, if there are two or more obligors, to one of them.

(B)If requested, the licensee shall give to the borrower a receipt for each payment made on account of any interest- bearing or precomputed loan. Last updated November 5, 2021 at 5:38 PM

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(A) Upon repayment of the loan in full, the original note signed by any obligor or copy, photograph, or stored representation of the original note as retained in accordance with section1321.66of the Revised Code shall be plainly marked "paid" or "canceled" and the note or the reproduction of the note shall be returned to the obligor or, if there are two or more obligors, to one of them.

(B) If requested, the licensee shall give to the borrower a receipt for each payment made on account of any interest- bearing or precomputed loan.

Last updated November 5, 2021 at 5:38 PM