Section 1321.592 | Prohibited general loans by registrants.
(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