Ohio Revised Code Search
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Section 1315.02 | Recipient of money to be licensed or authorized.
... section, or is one of the following: (1) The United States or any department, agency, or instrumentality of the United States; (2) The United States postal service; (3) A state of the United States or any political subdivision of a state of the United States; (4) A bank, credit union, savings and loan association, savings association, or savings bank organized under the laws of the United States or any state of ... |
Section 1315.08 | Quarterly reports - annual financial statements.
...orm prescribed by the superintendent: (1) The licensee's unaudited, unconsolidated financial statements as of the end of the calendar quarter, including a balance sheet, income statement, statement of changes in shareholder's equity, and statement of cash flows; (2) A statement for the calendar quarter of the number of money transmission transactions undertaken by the licensee in this state and in the United States... |
Section 1315.101 | Approval of application for control acquisition.
...trol of a licensee described in section 1315.10 of the Revised Code, the superintendent of financial institutions shall examine all of the facts and circumstances relating to the application. (B) The superintendent shall approve the application described in division (A) of this section if the superintendent determines both of the following: (1) The competence and experience of the applicant or applicants seeking... |
Section 1315.16 | Enforcement powers of superintendent.
...tutions may do both of the following: (1) Summon and compel, by order or subpoena, witnesses to appear before the superintendent, deputy superintendent, examiner, or attorney examiner, and testify under oath regarding the affairs of a licensee or other person; (2) Compel, by order or subpoena, the production of any record, book, paper, document, item, or other thing pertaining to a licensee or other person. (B) Th... |
Section 1315.18 | Termination of business - approval of plan - implementation.
... licensee's license pursuant to section 1315.151 of the Revised Code. (B) When a licensee ceases to do business in this state, if the superintendent considers it necessary to protect the interests of the licensee's customers, the superintendent may do either of the following: (1) Take control of permissible investments or other assets owned by the licensee equal in value to the licensee's outstandings in this state... |
Section 1315.21 | Check-cashing businesses definitions.
...As used in sections 1315.21 to 1315.30 of the Revised Code: (A) "Check" means any check, draft, money order, or other instrument for the transmission or payment of money. "Check" does not include a travelers check. (B) "Check-cashing business" means any person that engages in the business of cashing checks for a fee. "Check-cashing business" does not include any of the following: (1) A licensee as defined in secti... |
Section 1315.25 | Conditions for deposit of checks into financial institution.
...On and after January 1, 1993, no check-cashing business shall deposit, in a financial institution, any check cashed by the check-cashing business unless both of the following conditions are met: (A) The check is indorsed with the name of the check-cashing business that appears on its license. (B) The words "licensed check-cashing business" are written legibly or stamped immediately after or below the name of the in... |
Section 1315.27 | Rules.
...adopt rules, in accordance with Chapter 119. of the Revised Code, for the administration and enforcement of sections 1315.21 to 1315.30 of the Revised Code. The rules shall include, but shall not be limited to, both of the following: (A) Record-keeping requirements that require check-cashing businesses to do all of the following: (1) Maintain a daily cash reconcilement that: (a) Summarizes daily activity; (b) Rec... |
Section 1315.28 | Prohibited acts - damages for violation.
...d, or hearing held pursuant to sections 1315.22 to 1315.24 of the Revised Code. (B) No person shall: (1) Obstruct or refuse to permit any lawful investigation by the superintendent of financial institutions, a person acting on behalf of an agency of the state or a political subdivision, or a law enforcement officer; (2) Fail to comply with division (A) of section 1315.22 of the Revised Code; (3) Violate or partic... |
Section 1315.51 | Transaction reporting, money laundering definitions.
...As used in sections 1315.51 to 1315.55 of the Revised Code, unless the context otherwise requires: (A) "Conduct the business" means engaging in activities regulated under sections 1315.51 to 1315.55 of the Revised Code. (B) "Corrupt activity" has the same meaning as in section 2923 of the Revised Code. (C) "Knowingly" has the same meaning as in section 2901.22 of the Revised Code. (D) "Material" means a statement... |
Section 1317.14 | Waiver of defenses provision in contract is void.
...ent that is executed on or after August 1, 1980, by which a buyer in connection with a consumer transaction agrees not to assert any defenses against a seller, or the seller's assignee or transferee, is void, and the courts have no jurisdiction to enforce any such provision. |
Section 1321.01 | Small Loan Law definitions; division of financial institutions responsibility.
...(A) As used in sections 1321.01 to 1321.19 of the Revised Code: (1) "Person" includes individuals, partnerships, associations, trusts, corporations, and all other legal entities. (2) "License" means a license issued under sections 1321.01 to 1321.19 of the Revised Code to make loans at a single place of business. (3) "Licensee" means a person to whom one or more licenses have been issued. (4) "Principal amount" m... |
Section 1321.08 | Suspension or revocation of small loan license.
...In accordance with Chapter 119. of the Revised Code: (A) The division of financial institutions shall, upon written notice to the licensee stating the contemplated action and the grounds therefor, and upon reasonable opportunity to be heard, suspend or revoke any license issued by the division if it finds that: (1) The licensee is in default in the payment of the annual license fee or assessment prescribed in secti... |
Section 1321.141 | Small loan requirements and restrictions.
...ee shall not make a loan under sections 1321.01 to 1321.19 of the Revised Code that meets either of the following conditions: (1) The amount of the loan is one thousand dollars or less. (2) The loan has a duration of one year or less. (B) A licensee shall not engage in any act or practice to evade the requirement of division (A) of this section, including by assisting a borrower to obtain a loan on terms that w... |
Section 1321.38 | Contents of short-term loan license; additional licenses; change of place of business.
...ncial institutions pursuant to sections 1321.35 to 1321.48 of the Revised Code shall state the address at which the business of making loans is to be conducted and shall state the full name of the business. Each license issued shall be conspicuously posted in the place of business and is not transferable or assignable. (B)(1) Not more than one place of business shall be maintained under the same license issu... |
Section 1321.40 | Maximum interest rate; permissible short-term loan fees.
...f twenty-eight per cent per annum; (B)(1) Except as otherwise provided in division (B)(2) of this section, a monthly maintenance fee that does not exceed the lesser of ten per cent of the originally contracted loan amount or thirty dollars, provided the fee is not added to the loan balance on which interest is charged; (2) A licensee shall not charge, collect, or receive a monthly maintenance fee if the borrower is... |
Section 1321.42 | Enforcement actions relating to short-term loan license.
...tions shall, in accordance with Chapter 119. of the Revised Code, suspend or revoke a license issued pursuant to sections 1321.35 to 1321.48 of the Revised Code, if the superintendent determines that either of the following applies: (1) The licensee has failed to comply with any order issued by the superintendent pursuant to section 1321.43 of the Revised Code. (2) Any fact or condition exists that if it had... |
Section 1321.47 | Duties of short-term loan licensees; civil action by borrower.
...equired to be licensed under sections 1321.35 to 1321.48 of the Revised Code, in addition to duties imposed by other statutes or common law, shall do all of the following: (1) Follow reasonable and lawful instructions from the borrower; (2) Act with reasonable skill, care, and diligence; (3) Act in good faith and fair dealing in any transaction or practice or course of business in connection with a short-... |
Section 1321.51 | General Loan Law definitions.
...As used in sections 1321.51 to 1321.60 of the Revised Code: (A) "Person" means an individual, partnership, association, trust, corporation, or any other legal entity. (B) "Certificate" means a certificate of registration issued under sections 1321.51 to 1321.60 of the Revised Code. (C) "Registrant" means a person to whom one or more certificates of registration have been issued under sections 1321.51 to 1321.60 of... |
Section 1321.541 | Actions by attorney general, county prosecutor to enforce General Loan Law.
...ction to enjoin a violation of sections 1321.51 to 1321.60 of the Revised Code with the same rights, privileges, and powers as those described in section 1345.06 of the Revised Code. The prosecuting attorney of the county in which the action may be brought may bring an action to enjoin a violation of sections 1321.51 to 1321.60 of the Revised Code only if the prosecuting attorney first presents any evidence of the vi... |
Section 1321.592 | Prohibited general loans by registrants.
...nt shall not make a loan under sections 1321.51 to 1321.60 of the Revised Code that meets either of the following conditions: (1) The amount of the loan is one thousand dollars or less. (2) The loan has a duration of one year or less. (B) A registrant shall not engage in any act or practice to evade the requirement of division (A) of this section, including by contracting with a borrower to make a loan on terms... |
Section 1321.62 | Consumer Installment Loan Act definitions.
...As used in sections 1321.62 to 1321.702 of the Revised Code: (A) "Actuarial method" means the method of allocating payments made on a loan between the principal amount and interest whereby a payment is applied first to the accumulated interest and the remainder to the unpaid principal amount. (B) "Advertisement" and "advertising" mean all material printed, published, displayed, distributed, or broadcast, and all ... |
Section 1321.67 | Closing of consumer installment loans; duties of licensee.
...(A) For purposes of sections 1321.62 to 1321.702 of the Revised Code, a loan shall be considered closed upon the signature of the obligor or obligors, unless the loan contract is not executed by signature, in which case the loan is considered closed upon disbursement of loan funds. (B) All loans made under sections 1321.62 to 1321.702 of the Revised Code by direct mail shall be made from a place of business for whi... |
Section 1321.691 | Employee remote work.
...de to the contrary, nothing in sections 1321.62 to 1321.702 of the Revised Code shall be construed to interfere with the ability of a licensee's employee to work from a remote location, provided the licensee does all of the following: (1) Ensures that in-person customer interactions are conducted only at a licensed place of business; (2) Maintains appropriate safeguards for licensee and consumer data, information... |
Section 1321.75 | Enforcement actions regarding insurance premium finance company license.
...ion, it appears to the division that: (1) Any license issued to the company was obtained by fraud; (2) There was any misrepresentation in the application for the license; (3) The holder of the license has otherwise shown himself, herself, or itself untrustworthy or incompetent to act as a premium finance company; (4) The company has violated sections 1321.71 to 1321.83 of the Revised Code. (B) Before the divisio... |