Effective: March 23, 2018 Latest Legislation: House Bill 199 – 132nd General Assembly As used in sections 4712.01 to 4712.14 of the Revised Code: (A) “Buyer” means an individual who is solicited to purchase or who purchases the services of a credit services organization for purposes other than obtaining a business loan as described in […]
Effective: October 17, 2019 Latest Legislation: House Bill 166 – 133rd General Assembly (A) A credit services organization shall file a registration application with, and receive a certificate of registration from, the division of financial institutions before conducting business in this state. The registration application shall be accompanied by a one-hundred-dollar fee and shall contain […]
Effective: September 26, 1996 Latest Legislation: Senate Bill 293 – 121st General Assembly After notice and a hearing conducted in accordance with Chapter 119. of the Revised Code, the superintendent of financial institutions may suspend, revoke, or refuse to issue or renew a certificate of registration if any of the following conditions applies to the […]
Effective: September 26, 1996 Latest Legislation: Senate Bill 293 – 121st General Assembly (A) Before executing a contract or agreement with a buyer or receiving money or other valuable consideration, a credit services organization shall provide the buyer with a written statement containing all of the following information: (1) A complete and detailed description of […]
Effective: September 1, 2021 Latest Legislation: House Bill 133 – 134th General Assembly (A) Each contract between the buyer and a credit services organization for the purchase of the services of the organization shall be in writing, dated and signed by the buyer, and shall include all of the following: (1) A statement, in type […]
Effective: September 26, 1996 Latest Legislation: Senate Bill 293 – 121st General Assembly (A) No credit services organization shall conduct business in this state unless the organization has obtained a surety bond issued by a surety company authorized to do business in this state and all of the following conditions are met: (1) A copy […]
Effective: September 26, 1996 Latest Legislation: Senate Bill 293 – 121st General Assembly No credit services organization, salesperson, agent, or representative of a credit services organization, or independent contractor that sells or attempts to sell the services of a credit services organization shall do any of the following: (A) Charge or receive directly or indirectly […]
Effective: October 29, 2018 Latest Legislation: House Bill 123 – 132nd General Assembly No credit services organization shall sell, provide, or perform any of the services authorized under division (C)(1) of section 4712.01 of the Revised Code in connection with an extension of credit that meets any of the following conditions: (A) The amount of […]
Effective: September 26, 1996 Latest Legislation: Senate Bill 293 – 121st General Assembly No credit services organization shall do any of the following: (A) Obtain a certificate of registration through any false or fraudulent representation or make any substantial misrepresentation in any registration application; (B) Make false promises through advertising or other means in the […]
Effective: April 16, 1993 Latest Legislation: Senate Bill 323 – 119th General Assembly (A) No credit services organization shall cause or attempt to cause a buyer to waive a right under sections 4712.01 to 4712.14 of the Revised Code. (B) Any waiver by a buyer of a right under sections 4712.01 to 4712.14 of the […]
Effective: September 26, 1996 Latest Legislation: Senate Bill 293 – 121st General Assembly (A)(1) A buyer injured by a violation of sections 4712.01 to 4712.14 of the Revised Code may bring an action for recovery of damages. (2) Damages awarded under division (A)(1) of this section shall not be less than the amount paid by […]
Effective: April 16, 1993 Latest Legislation: Senate Bill 323 – 119th General Assembly (A) A violation of division (J) of section 4712.02, division (E) of section 4712.04, division (D) or (E) of section 4712.05, division (A) of section 4712.06, section 4712.07 or 4712.08, or division (A) of section 4712.09 of the Revised Code is deemed […]
Effective: September 26, 1996 Latest Legislation: Senate Bill 293 – 121st General Assembly (A) The division of financial institutions may investigate alleged violations of sections 4712.01 to 4712.14 of the Revised Code, or the rules adopted thereunder, or complaints concerning any such violation. The division may make application to the court of common pleas for […]
Effective: September 26, 1996 Latest Legislation: Senate Bill 293 – 121st General Assembly A credit services organization shall disclose in any printed or published advertisement relating to the credit services organization’s services, the number designated on the certificate of registration that is issued to the credit services organization by the division of financial institutions under […]
Effective: September 26, 1996 Latest Legislation: Senate Bill 293 – 121st General Assembly The superintendent of financial institutions may adopt, in accordance with Chapter 119. of the Revised Code, reasonable rules to carry out the purposes of sections 4712.01 to 4712.14 of the Revised Code.
Effective: March 22, 2013 Latest Legislation: House Bill 247 – 129th General Assembly The superintendent of financial institutions shall comply with section 4776.20 of the Revised Code.
Effective: October 29, 2018 Latest Legislation: House Bill 123 – 132nd General Assembly (A) Whoever violates division (J) of section 4712.02, division (E) of section 4712.04, division (D) or (E) of section 4712.05, division (A) of section 4712.06, section 4712.07 or 4712.08, or division (A) of section 4712.09 of the Revised Code is guilty of […]
