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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 1321.65 | Asset requirements of consumer installment loan licensee.

Ohio Revised Code
/
Title 13 Commercial Transactions
/
Chapter 1321 Various Loans
 
Effective:
September 12, 2017
Latest Legislation:
Senate Bill 24 - 132nd General Assembly
PDF:
Download Authenticated PDF
 

Each licensee that conducts business under sections 1321.62 to 1321.702 of the Revised Code shall maintain both of the following:

(A) A net worth of at least fifty thousand dollars;

(B) For each license, assets of at least fifty thousand dollars either in use or readily available for use in the conduct of the business.

Last updated November 5, 2021 at 4:15 PM

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