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2020 Ohio Revised Code
Title 45 | Motor Vehicles-Aeronautics-Watercraft
Chapter 4517 | Motor Vehicle Dealers, Auction Owners, and Salespersons
Section 4517.261 | Documentary Service Charge for Sale or Lease.
Universal Citation: Ohio Rev Code § 4517.261 (2020)
Effective: September 29, 2007
Latest Legislation: House Bill 119 - 127th General Assembly
A motor vehicle dealer may contract for and receive a documentary service charge for a retail or wholesale sale or lease of a motor vehicle. A documentary service charge shall be specified in writing without itemization of the individual services provided. A documentary service charge shall be not more than the lesser of the following:
(A) The amount allowed in a retail installment sale;
(B) Ten per cent of the amount the buyer or lessee is required to pay pursuant to the contract, excluding tax, title, and registration fees, and any negative equity adjustment.
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