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Ohio Revised Code Title XLV. Motor Vehicles Aeronautics Watercraft § 4517.261

Current as of January 01, 2024 | Updated by Findlaw Staff

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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Cite this article: FindLaw.com - Ohio Revised Code Title XLV. Motor Vehicles Aeronautics Watercraft § 4517.261 - last updated January 01, 2024 | https://codes.findlaw.com/oh/title-xlv-motor-vehicles-aeronautics-watercraft/oh-rev-code-sect-4517-261/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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