Ohio Revised Code Search

..., to a reasonable sum not exceeding ten per cent of the gross proceeds. (C) In complying with this section or section 1310.58 of the Revised Code, the lessee is held only to good faith. Good faith conduct is neither acceptance or conversion nor the basis of an action for damages. (D) A purchaser who purchases in good faith from a lessee pursuant to this section or section 1310.58 of the Revised Code takes the goods...

...vised Code creditors representing fifty per cent or more of the debts of the assignor, present or represented by attorney, may proceed to the election of trustees for the benefit of creditors, a majority in value of all the debts represented at such meeting being necessary to a choice. The proceedings of the meeting showing what creditors were present, the amount of the debts held by them respectively, and who cast ...

...ontrol of, or power to vote twenty-five per cent or more of any class of the outstanding voting securities of a controlling person. For purposes of determining the percentage of a licensee controlled by any person, the person's interest shall be aggregated with the interest of any other person controlled by the person or by any spouse, parent, or child of the person. (C) "Controlling person" means any person that co...

...with any one borrower do not exceed ten per cent of the licensee's outstandings; (8) To the extent permitted by the superintendent, receivables that are due to a licensee from its authorized delegates and are not past due or doubtful of collection; (9) Any other investments approved by the superintendent. (C) No licensee shall fail to comply with this section.

...tail and does not derive more than five per cent of the person's gross income from the cashing of checks; (5) A person licensed under sections 1315.01 to 1315.18 of the Revised Code, or any agent of that person, to the extent that the person or the agent is engaged in cashing checks or travelers checks issued by the licensed person ; (6) A person registered as a mortgage lender under Chapter 1322. of the Revised C...

...charges in an amount that exceeds three per cent of the face amount of the check for cashing checks issued by this state, a state agency, a political subdivision of this state, or the United States. (B) Each check-cashing business shall conspicuously post and at all times display in every business location a schedule of its fees and charges for all services permitted under sections 1315.21 to 1315.28 of the Revised ...

...ate, if said rate does not exceed eight per cent per annum straight interest, in which event the time balance provided in division (G) need not be stated. The amount and date of each payment need not be separately listed if the payments are specified in terms of a series of payments of specified amounts, which amounts may state the principal amount plus the finance charge in terms of a rate at specified intervals o...

...n annual percentage rate of twenty-five per cent.

...t a rate not exceeding one and one-half per cent per month. If the finance charge so computed is less than one dollar for any such monthly period, the retail seller or holder may nevertheless charge, collect, and receive not in excess of one dollar for such month's charges. No change in terms of a revolving budget agreement shall be made to permit a retail seller to charge, collect, or receive a finance charge comp...

...of the default is less than twenty-five per cent of the sum of the time balance on the day such retail installment contract was executed and the down payment recited in such contract.

...he lesser of twenty-five dollars or ten per cent of the value of specific goods subject to the layaway arrangement. (2) The buyer is entitled to a refund of the balance of deposits and payments that he previously made pursuant to the layaway arrangement, determined after deducting the liquidated damages described in division (A)(1) of this section. (B)(1) If a buyer fails to comply with the layaway arrangement, the...

...ts the seller to retain more than fifty per cent of the total amount of deposits, down payments, or part payments made by the buyer; (7) Any reasonable charges the seller may add to the layaway price, such as delivery or storage charges, and the conditions under which the charges are assessed to the buyer; (8) A provision that if the buyer cancels the contract by giving written notice of cancellation to the seller ...

... of not more than thirty dollars or ten per cent of the face amount of the instrument, whichever is greater, and may charge and receive any charge imposed by a financial institution upon the holder of the check, negotiable order of withdrawal, share draft, or other negotiable instrument that has been returned or dishonored for any reason. (B) A collection agency that imposes a check collection charge pursuant to div...

...n annual percentage rate of twenty-five per cent.

...rety for any charges in excess of eight per cent per annum, is not included in such entire obligation. If a licensee acquires, directly or indirectly, by purchase or discount, bona fide obligations for goods or services owed by the person who received such goods or services to the person who provided such goods or services, then the amount of such purchased or discounted indebtedness to the licensee shall not be incl...

... does not exceed a rate of twenty-eight per cent per annum. (C) The licensee does not charge, collect, or receive the monthly maintenance fee described in division (B) of section 1321.40 of the Revised Code.

... of fees and charges that exceeds sixty per cent of the originally contracted loan amount. For purposes of this section, all charges made in connection with the loan shall be included when calculating the total loan charges except for all of the following: (A) The check collection charge authorized under section 1321.40 of the Revised Code; (B) The check cashing fee authorized under section 1321.40 of the Revise...

...(K) "Point" means a charge equal to one per cent of either of the following: (1) The principal amount of a precomputed loan or interest-bearing loan; (2) The original credit line of an open-end loan. (L) "Prepayment penalty" means a charge for prepayment of a loan at any time prior to five years from the date the loan contract is executed. (M) "Refinancing" means a loan the proceeds of which are used in whole or ...

...de. (7) If there is a change of five per cent or more in the ownership of a registrant, the division may make any investigation necessary to determine whether any fact or condition exists that, if it had existed at the time of the original application for a certificate of registration, the fact or condition would have warranted the division to deny the application under division (A)(6) of this section. If such a f...

...n annual percentage rate of twenty-five per cent.

...n annual percentage rate of twenty-five per cent.

...elinquency charge of not more than five per cent of any installment that is in default for a period of more than five days. If the insurance policies described in the premium finance agreement are primarily for personal, family, or household purposes, the maximum delinquency charge shall be ten dollars. (B) A cancellation charge of ten dollars when the default results in the cancellation of any insurance contract de...

...the interest represents at least a five per cent membership, partnership, or other equitable, beneficial, or ownership interest in the entity or association. (B) Every person that acquires or otherwise receives an interest described in division (A) of this section is subject to this chapter. The division may make any investigation necessary to determine whether any fact or condition exists that, if it had existed a...

...ndividual answers at least seventy-five per cent of the questions correctly. (C) An individual may retake the test three consecutive times provided the period between taking the tests is at least thirty days. If an individual fails three consecutive tests, the individual shall be required to wait at least six months before taking the test again. (D) If a mortgage loan originator fails to maintain a valid mortgage l...

...n annual percentage rate of twenty-five per cent.