Section 1321.141 | Loans by licensees.
(A) A licensee 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 would be prohibited by that division.
(C) No licensee shall fail to comply with this section.
Available Versions of this Section
- October 29, 2018 – Enacted by House Bill 123, 132nd General Assembly [ View October 29, 2018 Version ]