Ohio Administrative Code Search

... (n) Types and amount of credit-related insurance; (o) Unit default charge; (p) Credit bureau fee; (q) Where and to whom hypothecated; (r) An indication as to whether or not the loan is a "refinancing," as that term is defined in division (A)(11) of section 1321.01 of the Revised Code. (3) All loan agreements, notes, disclosure forms, closing statements, security agreements and other documents signed by the obli...

... (n) Types and amount of credit-related insurance; (o) Unit default charge; (p) Credit bureau fee; (q) Where and to whom hypothecated; (r) An indication as to whether or not the loan is a "refinancing," as that term is defined in division (A)(11) of section 1321.01 of the Revised Code. (3) All loan agreements, notes, disclosure forms, closing statements, security agreements and other documents si...

...tise the availability of credit-related insurance without disclosing the charge, if any, for the insurance. (B) Every small loan licensee shall maintain in each licensed office or in a central location, approved by the superintendent of financial institutions a record or file of all advertising, including newspaper, magazine, direct mailing, facsimile advertising and solicitations, roadside advertising, internet and...

...tise the availability of credit-related insurance without disclosing the charge, if any, for the insurance. (B) Every small loan licensee shall maintain in each licensed office or in a central location, approved by the superintendent of financial institutions, a record or file of all advertising, including newspaper, magazine, direct mailing, facsimile advertising and solicitations, roadside adve...

...ent of the borrower for any purchase of insurance on property other than that which is used as security for the loan. (G) Small loan licensees shall clearly indicate by prominently disclosing on, or in, the loan documents, the federal or state statutory authority pursuant to which a loan is made. For purposes of this chapter, small loan licensees shall be required to provide this prominent disclosure on loans made:...

...ent of the borrower for any purchase of insurance on property other than that which is used as security for the loan. (G) Small loan licensees shall clearly indicate by prominently disclosing on, or in, the loan documents, the federal or state statutory authority pursuant to which a loan is made. For purposes of this chapter, small loan licensees shall be required to provide this prominent disclo...

...small loan licensee furnishes or places insurance written on behalf of the borrower at the borrower's expense, a policy or certificate of insurance properly executed shall be furnished to the borrower within thirty days of the closing date of the loan. The policy or certificate shall state the name of the insurance company, the nature of the insurance, the extent of the coverage, the amount of the premium, and the ef...

...small loan licensee furnishes or places insurance written on behalf of the borrower at the borrower's expense, a policy or certificate of insurance properly executed shall be furnished to the borrower within thirty days of the closing date of the loan. The policy or certificate shall state the name of the insurance company, the nature of the insurance, the extent of the coverage, the amount of the...

... loan for purposes either of purchasing insurance to insure the small loan licensee against losses for failure to record or file or creating a self-insurance fund to reimburse the small loan licensee against losses for failure to record or file.

... loan for purposes either of purchasing insurance to insure the small loan licensee against losses for failure to record or file or creating a self-insurance fund to reimburse the small loan licensee against losses for failure to record or file.

...an. This restriction shall not apply to insurance placed by registrants to insure loan collateral as provided for by division (F) of section 1321.57 of the Revised Code. (F) The phrase "refuse to provide information" as used in division (C) of section 1321.59 of the Revised Code shall mean the failure of a registrant to provide a borrower with information regarding the amount required to pay the borrower's loan in f...

...n of the charges for all credit related insurances and real estate related fees provided for by divisions (E) and (H) of section 1321.57 of the Revised Code; and (e) Type of security. (2) A ledger record shall be kept for each outstanding loan and loan paid in full within the last two years. The ledger record shall disclose the following information if applicable: (a) Account number; (b) Principle borrower's na...

...Types and amounts of credit related insurance; (p) Default charge (q) Check collection charge; (r) Any points charged to the borrower; (s) Any charges for prepayment of the loan; (t) The NMLS number of the registrant/exempt entity, if applicable; (2) Payment histories for each outstanding loan and each loan paid in full. The payment history shall disclose the following information: (a) Principa...

...tise the availability of credit-related insurance without disclosing the charge, if any, for the insurance. (B) Every registrant shall maintain in each registered office or in a central location, approved by the superintendent of financial institutions, a records file of all advertising, including newspaper, magazine, direct mailing, facsimile advertising and solicitations, roadside advertising, internet and scripts...

...ent of the borrower for any purchase of insurance on property other than that which is used as security for the loan. (F) A registrant under sections 1321.51 to 1321.60 of the Revised Code shall permit payment to be made in advance in any amount on any contract at any time, but the registrant may apply the payment first to interest and charges due up to the date of payment. (G) The registrant shall notify the borro...

...ent of the borrower for any purchase of insurance on property other than that which is used as security for the loan. (F) A registrant under sections 1321.51 to 1321.60 of the Revised Code shall permit payment to be made in advance in any amount on any contract at any time, but the registrant may apply the payment first to interest and charges due up to the date of payment. (G) The registrant sh...

... loan, a registrant furnishes or places insurance written on behalf of the borrower at the borrower's expense, a policy or certificate of insurance properly executed shall be furnished to the borrower within fifteen days of the closing date of the loan. The policy or certificate shall state the name of the insurance company, the nature of the insurance, the extent of the coverage, the amount of the premium, and the e...

...vent of the reinstatement of a canceled insurance policy, the licensee may assess a cancellation charge on each additional occasion that it mails a notice to the insurer. (C) (1) As used in sections 1321.73 and 1321.74 of the Revised Code and Chapter 1301:8-4 of the Administrative Code, "net worth" shall mean the difference between total assets and total indebtedness, as determined by generally accepted accountin...

...he applicant shall cease activity as an insurance premium finance lender. Provided, however, that nothing herein shall impair the ability of a person to collect on accounts lawfully entered into prior to the expiration of its license. (D) If an application for a new or renewal license is incomplete, and if the information is not submitted to the division within thirty days after the the date of the last letter of de...

...ddress; (c) Type and effective date of insurance policy; (d) Date finance charges begin to accrue; (e) Annual percentage rate calculated pursuant to division (A) of section 1321.71 of the Revised Code; (f) The disclosed federal annual percentage rate as disclosed to the insured or potential insured; (g) Acquisition charge; (h) Amount financed; (i) Dollar amount of finance charge; (j) Total of payments; (k) T...

...Prepaid expenses, including prepaid insurance, interest, rents, taxes, advertising, and operating supplies. Prepaid expenses, unlike other current assets, are not expected to be converted into cash. (B) As used in division (B) of section 4727.08 of the Revised Code, "each pawn or purchase" includes all items brought in by a person to be pledged or purchased at the same time or on the same dat...

...Prepaid expenses, including prepaid insurance, interest, rents, taxes, advertising, and operating supplies. Prepaid expenses, unlike other current assets, are not expected to be converted into cash. (B) As used in division (B) of section 4727.08 of the Revised Code, "each pawn or purchase" includes all items brought in by a person to be pledged or purchased at the same time or on the same dat...

... or mortgage lending institution; (12) Insurance salesperson or broker; (13) Securities salesperson, broker, or principal; (14) Department store credit department, including retail and wholesale stores; (15) School, college, or university credit or student loan department; (16) Automobile, motorcycle, boat, or recreational vehicle dealer credit department. (17) Mobile home or manufactured housing lending or cre...

... or mortgage lending institution; (12) Insurance salesperson or broker; (13) Securities salesperson, broker, or principal; (14) Department store credit department, including retail and wholesale stores; (15) School, college, or university credit or student loan department; (16) Automobile, motorcycle, boat, or recreational vehicle dealer credit department. (17) Mobile home or manufac...

...ety bond issued by a bonding company or insurance company authorized to do business in this state. (C) With respect to an individual bond obtained by a licensee employed by or associated with a qualified exempt entity, by a licensee employed by a loan processing or underwriting company on a licensee's behalf, or by a licensee acting as an independent contractor performing clerical or support duties of a loan process...