Ohio § 1321.592 Prohibited general loans by registrants

Ohio Statutes

§ 1321.592 — Prohibited general loans by registrants

Ohio § 1321.592

Title 13Commercial Transactions

Ch. 1321Various Loans

This text of Ohio § 1321.592 (Prohibited general loans by registrants) 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. § 1321.592 (2026).

Text

( A) A registrant shall not make a loan under sections1321.51to1321.60of the Revised Code that meets either of the following conditions:

(1)The amount of the loan is one thousand dollars or less.

(2)The loan has a duration of one year or less.

(B)A registrant shall not engage in any act or practice to evade the requirement of division (A) of this section, including by contracting with a borrower to make a loan on terms that would be prohibited by that division.

(C)No registrant shall fail to comply with this section. Last updated November 5, 2021 at 3:53 PM

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( A) A registrant shall not make a loan under sections1321.51to1321.60of the Revised Code that meets either of the following conditions:

(1) The amount of the loan is one thousand dollars or less.

(2) The loan has a duration of one year or less.

(B) A registrant shall not engage in any act or practice to evade the requirement of division (A) of this section, including by contracting with a borrower to make a loan on terms that would be prohibited by that division.

(C) No registrant shall fail to comply with this section.

Last updated November 5, 2021 at 3:53 PM