Ohio § 1321.571 General loan alternative interest rate

Ohio Statutes

§ 1321.571 — General loan alternative interest rate

Ohio § 1321.571

Title 13Commercial Transactions

Ch. 1321Various Loans

This text of Ohio § 1321.571 (General loan alternative interest rate) 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. § 1321.571 (2026).

Text

As an alternative to the interest permitted in division (A) of section1321.57and in division (B) of section1321.58of the Revised Code, a registrant may contract for and receive interest at any rate or rates agreed upon or consented to by the parties to the loan contract or open-end loan agreement, but not exceeding an annual percentage rate of twenty-five per cent.

Last updated November 5, 2021 at 3:47 PM

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As an alternative to the interest permitted in division (A) of section1321.57and in division (B) of section1321.58of the Revised Code, a registrant may contract for and receive interest at any rate or rates agreed upon or consented to by the parties to the loan contract or open-end loan agreement, but not exceeding an annual percentage rate of twenty-five per cent.

Last updated November 5, 2021 at 3:47 PM