Ohio, Statute Of Limitations

STATE: OHIO

INTEREST RATE

Concerning per annum “Statutory interest” rates.
“Post-judgment interest” based upon the date the judgment awarding interest was journalized [R.C. 1343.03(B)]:
Prior to June 2, 2004—Ten percent (10%) per annum.

June 2, 2004 to December 31, 2004, inclusive—Four percent (4%) per annum.

January 1, 2005 to December 31, 2005, inclusive—Five percent (5%) per annum.

January 1, 2006 to December 31, 2006, inclusive—Six percent (6%) per annum.

January 1, 2007 to December 31, 2008, inclusive—Eight percent (8%) per annum.

January 1, 2009 to December 31, 2009, inclusive—Five percent (5%) per annum.

January 1, 2010 to December 31, 2011, inclusive—Four percent (4%) per annum.

January 1, 2012 to December 31, 2013, inclusive—Three percent (3%) per annum.

“Pre-judgment interest” based upon the date the claim for pre-judgment interest accrued, as provided by statute and as authorized by court order [R.C. 1343.03(C)]:
The same time periods listed above and the interest rates applicable during each of those time periods apply based upon the date determined by court order for commencement of the pre-judgment interest accrual.

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Acct.: 4
  • Sales Contract (UCC2-725)
  • Written Contract: 15
  • Domestic Judgment: 21 renew every 5
  • Foreign Judgment: 21 renew every 5

BAD CHECK LAWS (CIVIL PENALTY)
The greater of $200 or three times the amount of check and attorney fees (no maximum)

GENERAL GARNISHMENT EXEMPTIONS
See federal law. Garnishment limited to once a month per employee.

COLLECTION AGENCY BOND & LICENSE

  • Bond: No
  • License: No

Fee: No