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2020 Ohio Revised Code
Title 13 | Commercial Transactions
Chapter 1321 | Small Loans
Section 1321.391 | Duration Longer Than 91 Days; Determination of Recommended Length.
Universal Citation: Ohio Rev Code § 1321.391 (2020)
Effective: October 29, 2018
Latest Legislation: House Bill 123 - 132nd General Assembly
If the duration of a short-term loan is ninety-one days or greater, the licensee shall determine the recommended length of a loan based on the borrower's verified monthly income as described in division (B)(2) of section 1321.39 of the Revised Code. The licensee shall provide the borrower with a written copy of its recommendation, which is not binding on the borrower.
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