Ohio § 1321.36 Short-term loan license required; telephone and mail loans; exceptions; applicability of Short-term Loan Law

Ohio Statutes

§ 1321.36 — Short-term loan license required; telephone and mail loans; exceptions; applicability of Short-term Loan Law

Ohio § 1321.36

Title 13Commercial Transactions

Ch. 1321Various Loans

This text of Ohio § 1321.36 (Short-term loan license required; telephone and mail loans; exceptions; applicability of Short-term Loan Law) 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. § 1321.36 (2026).

Text

(A)No person shall engage in the business of making short-term loans to a borrower in Ohio, or, in whole or in part, make, offer, or broker a loan, or assist a borrower in Ohio to obtain such a loan, without first having obtained a license from the superintendent of financial institutions under sections1321.35to1321.48of the Revised Code.

(B)No person shall make, offer, or broker a loan, or assist a borrower to obtain a loan, via the telephone or mail.

(C)Any loan made in violation of this section is void, and the lender has no right to collect, receive, or retain any principal, interest, fees, or other charges in connection with the loan.

(D)Sections1321.35to1321.48of the Revised Code do not apply to any entity chartered and lawfully doing business under the authority of any law of

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(A) No person shall engage in the business of making short-term loans to a borrower in Ohio, or, in whole or in part, make, offer, or broker a loan, or assist a borrower in Ohio to obtain such a loan, without first having obtained a license from the superintendent of financial institutions under sections1321.35to1321.48of the Revised Code.

(B) No person shall make, offer, or broker a loan, or assist a borrower to obtain a loan, via the telephone or mail.

(C) Any loan made in violation of this section is void, and the lender has no right to collect, receive, or retain any principal, interest, fees, or other charges in connection with the loan.

(D) Sections1321.35to1321.48of the Revised Code do not apply to any entity chartered and lawfully doing business under the authority of any law of this state, another state, or the United States as a bank, savings bank, trust company, savings and loan association, or credit union, or a subsidiary of any such entity, which subsidiary is regulated by a federal banking agency and is owned and controlled by a depository institution.

Last updated November 4, 2021 at 3:58 PM