Ohio § 1321.59 General Loan Law registrant - prohibited acts

Ohio Statutes

§ 1321.59 — General Loan Law registrant - prohibited acts

Ohio § 1321.59

Title 13Commercial Transactions

Ch. 1321Various Loans

This text of Ohio § 1321.59 (General Loan Law registrant - prohibited acts) 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. § 1321.59 (2026).

Text

(A)No registrant under sections1321.51to1321.60of the Revised Code shall permit any borrower to be indebted for a loan made under sections1321.51to1321.60of the Revised Code at any time while the borrower is also indebted to an affiliate or agent of the registrant for a loan made under sections1321.01to1321.19of the Revised Code for the purpose or with the result of obtaining greater charges than otherwise would be permitted by sections1321.51to1321.60of the Revised Code.

(B)No registrant shall induce or permit any person to become obligated to the registrant under sections1321.51to1321.60of the Revised Code, directly or contingently, or both, under more than one contract of loan at the same time for the purpose or with the result of obtaining greater charges than would otherwise be per

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(A) No registrant under sections1321.51to1321.60of the Revised Code shall permit any borrower to be indebted for a loan made under sections1321.51to1321.60of the Revised Code at any time while the borrower is also indebted to an affiliate or agent of the registrant for a loan made under sections1321.01to1321.19of the Revised Code for the purpose or with the result of obtaining greater charges than otherwise would be permitted by sections1321.51to1321.60of the Revised Code.

(B) No registrant shall induce or permit any person to become obligated to the registrant under sections1321.51to1321.60of the Revised Code, directly or contingently, or both, under more than one contract of loan at the same time for the purpose or with the result of obtaining greater charges than would otherwise be permitted by sections1321.51to1321.60of the Revised Code.

(C) No registrant shall refuse to provide information regarding the amount required to pay in full a loan under sections1321.51to1321.60of the Revised Code when requested by the borrower or by another person designated in writing by the borrower.

Last updated November 5, 2021 at 3:49 PM