Ohio § 4722.04 Down payments

Ohio Statutes

§ 4722.04 — Down payments

Ohio § 4722.04

Title 47Occupations-Professions

Ch. 4722Home Construction Service Suppliers

This text of Ohio § 4722.04 (Down payments) 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. § 4722.04 (2026).

Text

A home construction service supplier may take  as a down payment not more than ten per cent of the contract price  before the supplier's performance that is required by the contract  begins, except a supplier may take as a down payment not more than  seventy-five per cent of the total cost of any special order item  that is otherwise not returnable or usable before the supplier's  performance that is required by the contract begins. This section  does not apply to a home construction service supplier who enters  into a cost-plus contract. A supplier may accept payments from a  construction loan in connection with a home construction service  contract.

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A home construction service supplier may take as a down payment not more than ten per cent of the contract price before the supplier's performance that is required by the contract begins, except a supplier may take as a down payment not more than seventy-five per cent of the total cost of any special order item that is otherwise not returnable or usable before the supplier's performance that is required by the contract begins. This section does not apply to a home construction service supplier who enters into a cost-plus contract. A supplier may accept payments from a construction loan in connection with a home construction service contract.