Example, this would include interest payable accruing between the security's issuance date and the date the security was sold. A debt security is a debt instrument that has its basic terms, such as its notional amount, interest rate, and maturity date, set out in its contract.Your refund was offset because you owe taxes to the Department of Taxation (ODT), or you owe a debt to another agency. Ohio residents are protected from abusive and unfair debt collection practices under both state and federal law. You owe the undersigned. A debt validation letter is a written communication that a consumer sends to a debt collector or creditor to request verification and validation of a debt. You have 28 days to respond to a debt collection lawsuit in Ohio, and there is no fee to file. Disputing an Inaccurate Debt: If a consumer believes that the debt being claimed is inaccurate or that they do not owe it for any reason (e.g. Ohio Revised Code § 2305.07 says that creditors have six years to sue someone for most debts, like credit cards or medical bills. Although many people expect that filing bankruptcy will wipe out all their debts, that is not always the case.