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2018 Ohio Revised Code
Title [13] XIII COMMERCIAL TRANSACTIONS - OHIO UNIFORM COMMERCIAL CODE
Chapter 1351 - LEASE-PURCHASE AGREEMENTS
Section 1351.03 - Provisions prohibited in lease-purchase agreement.
Universal Citation: Ohio Rev Code § 1351.03 (2018)
(A) A lease-purchase agreement shall not contain a provision that requires a lessee to do any of the following:
(1) Execute a warrant of attorney to confess judgment;
(2) Authorize the lessor or an agent of the lessor to commit a breach of the peace in the repossession of property that is the subject of the lease-purchase agreement;
(3) Waive a defense, counterclaim, or any right the lessee has against the lessor or an agent of the lessor.
(B) No lease-purchase agreement shall provide that mere failure to return property constitutes probable cause for a criminal action.
Effective Date: 06-29-1988 .
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