Ohio § 1321.141 Small loan requirements and restrictions

Ohio Statutes

§ 1321.141 — Small loan requirements and restrictions

Ohio § 1321.141

Title 13Commercial Transactions

Ch. 1321Various Loans

This text of Ohio § 1321.141 (Small loan requirements and restrictions) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1321.141 (2026).

Text

(A)A licensee shall not make a loan under sections1321.01to1321.19of 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. Last updated November 3, 2021 at 5:43 PM

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(A) A licensee shall not make a loan under sections1321.01to1321.19of 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.

Last updated November 3, 2021 at 5:43 PM