2011 Ohio Revised Code
Title [53] LIII REAL PROPERTY
Chapter 5313: LAND INSTALLMENT CONTRACTS
5313.03 Biannual statements furnished to vendee.


OH Rev Code § 5313.03 What's This?

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:

(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.

Effective Date: 11-25-1969

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