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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 1321.391 | Duration longer than 91 days; determination of recommended length.

Ohio Revised Code
/
Title 13 Commercial Transactions
/
Chapter 1321 Small Loans
 
Effective:
October 29, 2018
Latest Legislation:
House Bill 123 - 132nd General Assembly
PDF:
Download Authenticated PDF
 

If the duration of a short-term loan is ninety-one days or greater, the licensee shall determine the recommended length of a loan based on the borrower's verified monthly income as described in division (B)(2) of section 1321.39 of the Revised Code. The licensee shall provide the borrower with a written copy of its recommendation, which is not binding on the borrower.

Available Versions of this Section