Section 1321.592 | Prohibited general loans by registrants.
Effective:
October 29, 2018
Latest Legislation:
House Bill 123 - 132nd General Assembly
( A) A registrant 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 that would be prohibited by that division.
(C) No registrant shall fail to comply with this section.
Last updated November 5, 2021 at 3:53 PM
Available Versions of this Section
- October 16, 2009 – House Bill 1 - 128th General Assembly [ View October 16, 2009 Version ]
- October 29, 2018 – Enacted by House Bill 123 - 132nd General Assembly [ View October 29, 2018 Version ]