Ohio § 1321.401 Refinancing short-term loans

Ohio Statutes

§ 1321.401 — Refinancing short-term loans

Ohio § 1321.401

Title 13Commercial Transactions

Ch. 1321Various Loans

This text of Ohio § 1321.401 (Refinancing short-term 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. § 1321.401 (2026).

Text

A licensee may refinance a short-term loan provided that all of the following apply to the refinanced loan:

(A)The loan is a short-term loan.

(B)Interest on the loan does not exceed a rate of twenty-eight per cent per annum.

(C)The licensee does not charge, collect, or receive the monthly maintenance fee described in division (B) of section1321.40of the Revised Code. Last updated November 4, 2021 at 4:08 PM

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A licensee may refinance a short-term loan provided that all of the following apply to the refinanced loan:

(A) The loan is a short-term loan.

(B) Interest on the loan does not exceed a rate of twenty-eight per cent per annum.

(C) The licensee does not charge, collect, or receive the monthly maintenance fee described in division (B) of section1321.40of the Revised Code.

Last updated November 4, 2021 at 4:08 PM