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2022 Ohio Revised Code
Title 13 | Commercial Transactions
Chapter 1321 | Various Loans
Section 1321.391 | Short-Term Loans of Longer Than 90 Days.
Universal Citation: OH Rev Code § 1321.391 (2022)
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.
Last updated November 4, 2021 at 4:06 PM
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