Ohio § 1321.642 Effect of change in ownership of a consumer installment loan licensee; notice

Ohio Statutes

§ 1321.642 — Effect of change in ownership of a consumer installment loan licensee; notice

Ohio § 1321.642

Title 13Commercial Transactions

Ch. 1321Various Loans

This text of Ohio § 1321.642 (Effect of change in ownership of a consumer installment loan licensee; notice) 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. § 1321.642 (2026).

Text

(A)If there is a change of five per cent or more in the ownership of a licensee, the division of financial institutions may make any investigation necessary to determine whether any fact or condition exists that, if it had existed at the time of the original application for a license, the fact or condition would have warranted the division to deny the application under section1321.64of the Revised Code.

(B)A licensee shall give the superintendent of financial institutions sixty days prior written notice before there is a change of fifty per cent or more in the ownership of the licensee. Last updated November 5, 2021 at 4:13 PM

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(A) If there is a change of five per cent or more in the ownership of a licensee, the division of financial institutions may make any investigation necessary to determine whether any fact or condition exists that, if it had existed at the time of the original application for a license, the fact or condition would have warranted the division to deny the application under section1321.64of the Revised Code.

(B) A licensee shall give the superintendent of financial institutions sixty days prior written notice before there is a change of fifty per cent or more in the ownership of the licensee.

Last updated November 5, 2021 at 4:13 PM