Ohio Code 5313.03 – Biannual statements furnished to vendee
Current as of: 2023 | Check for updates
|
Other versions
Every vendor under a land installment contract shall, at least once a year or on demand of the vendee, but no more than twice a year, furnish a statement to the vendee showing the following:
Terms Used In Ohio Code 5313.03
- Contract: A legal written agreement that becomes binding when signed.
(A) The amount credited to principal and interest;
(B) The balance due.
A land contract passbook issued by the vendor or a financial institution shall be sufficient compliance with this section.