Ohio’s House Bill 195 took effect October 6, 2026. The law adds Article 12 to the state’s Uniform Commercial Code and revises provisions governing secured transactions. The governor signed it July 7.
The new chapter covers “controllable electronic records,” meaning electronic records that can meet the law’s control requirements. Its provisions address control, transfers of rights, payment obligations and the law governing a transaction.
The Legislative Service Commission’s final fiscal note says the Article 9 changes address security interests in these records and their use as loan collateral. A security interest is a lender’s legal claim on collateral securing an obligation.
The enacted rules also address related payment rights. Section 1309.112 ties control of a controllable account or payment intangible to control of the electronic record that evidences it.
Article 12 expressly preserves applicable laws that establish different rules for consumers. Its definition of a controllable electronic record excludes several categories, including deposit accounts, electronic money and investment property.