Go to Previous Versions
of
this Section
2025 Ohio Revised Code
Title 13 | Commercial Transactions
Chapter 1321 | Various Loans
Section 1321.401 | Refinancing Short-Term Loans.
Universal Citation:
OH Rev Code § 1321.401 (2025)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
Effective: October 29, 2018
Latest Legislation: House Bill 123 - 132nd General Assembly
A licensee may refinance a short-term loan provided that all of the following apply to the refinanced loan:
(A) The loan is a short-term loan.
(B) Interest on the loan does not exceed a rate of twenty-eight per cent per annum.
(C) The licensee does not charge, collect, or receive the monthly maintenance fee described in division (B) of section 1321.40 of the Revised Code.
Last updated November 4, 2021 at 4:08 PM
Disclaimer: These codes may not be the most recent version. Ohio may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
