Ohio § 1321.17 Out-of-state small loans

Ohio Statutes

§ 1321.17 — Out-of-state small loans

Ohio § 1321.17

Title 13Commercial Transactions

Ch. 1321Various Loans

This text of Ohio § 1321.17 (Out-of-state small loans) 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. § 1321.17 (2026).

Text

No loan made outside this state for which a greater rate of interest, consideration, or charges than is authorized by sections1321.01to1321.19of the Revised Code has been charged, contracted for, or received is enforceable in this state and every person participating therein in this state is subject to sections1321.01to1321.19of the Revised Code; provided that this section does not apply to loans legally made in any state under and in accordance with a regulatory loan law similar in principle to such sections. All loan contracts made with residents of this state are considered as made within this state and subject to the laws of this state, regardless of any statement in the contract or note to the contrary, except as to licensing if the lender is licensed under and in accordance with a re

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No loan made outside this state for which a greater rate of interest, consideration, or charges than is authorized by sections1321.01to1321.19of the Revised Code has been charged, contracted for, or received is enforceable in this state and every person participating therein in this state is subject to sections1321.01to1321.19of the Revised Code; provided that this section does not apply to loans legally made in any state under and in accordance with a regulatory loan law similar in principle to such sections. All loan contracts made with residents of this state are considered as made within this state and subject to the laws of this state, regardless of any statement in the contract or note to the contrary, except as to licensing if the lender is licensed under and in accordance with a regulatory loan law similar in principle to such sections. A loan in an amount of five thousand dollars or less made to a borrower residing in this state at the time the loan is made by a lender whose office is located outside this state and whose primary business consists of making loans by mail is not enforceable in this state for a greater rate of interest, consideration, or charges than is authorized by sections1321.01to1321.19of the Revised Code.

Last updated November 3, 2021 at 5:44 PM