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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1321.131 | Small loan alternative interest rate.

Ohio Revised Code
/
Title 13 Commercial Transactions
/
Chapter 1321 Various Loans
 
Effective:
February 11, 1982
Latest Legislation:
House Bill 526 - 114th General Assembly
PDF:
Download Authenticated PDF
 

As an alternative to the interest permitted in division (A) of section 1321.13 and in division (B) of section 1321.16 of the Revised Code, a licensee may contract for and receive interest at any rate or rates agreed upon or consented to by the parties to the loan contract or open-end loan agreement, but not exceeding an annual percentage rate of twenty-five per cent.

Last updated November 3, 2021 at 5:41 PM

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