Effective: October 29, 2018
Latest Legislation: House Bill 123 - 132nd General Assembly
(A) A licensee shall not make a loan under sections 1321.01 to 1321.19 of 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 licensee shall not engage in any act or practice to evade the requirement of division (A) of this section, including by assisting a borrower to obtain a loan on terms that would be prohibited by that division.
(C) No licensee shall fail to comply with this section.
Last updated November 3, 2021 at 5:43 PM
Structure Ohio Revised Code
Title 13 | Commercial Transactions
Section 1321.01 | Small Loan Law Definitions; Division of Financial Institutions Responsibility.
Section 1321.02 | Small Loan License Requirement; Exceptions.
Section 1321.03 | Application for Small Loan License; Fee.
Section 1321.04 | Small Loan License Application Approval.
Section 1321.05 | Contents of Small Loan License; Annual Fee and Assessment; Assets.
Section 1321.06 | Additional Small Loan Licenses; Change of Place of Business.
Section 1321.07 | Examination of Small Loan Licensee's Records; Division Powers.
Section 1321.08 | Suspension or Revocation of Small Loan License.
Section 1321.09 | Small Loan Licensee Recordkeeping; Annual Report.
Section 1321.11 | Prohibited Statements and Representations.
Section 1321.12 | Small Loan Licensee - Prohibited Acts.
Section 1321.131 | Small Loan Alternative Interest Rate.
Section 1321.14 | Duties of Small Loan Licensee; Prohibited Acts.
Section 1321.141 | Small Loan Requirements and Restrictions.
Section 1321.16 | Open-End Loans by Small Loan Licensee.
Section 1321.17 | Out-of-State Small Loans.
Section 1321.18 | Civil Action to Reverse, Rescind, or Modify Division Order.
Section 1321.21 | Consumer Finance Fund.
Section 1321.31 | Assignment of Personal Earnings - Requirements, Limitations, Priority.
Section 1321.32 | Assignment of Wages Invalid - Exception.
Section 1321.35 | Short-Term Loan Law Definitions.
Section 1321.37 | Application for Short-Term Loan License; Fee; Approval Procedure; Assets; Bond.
Section 1321.39 | Short-Term Loan Requirements and Restrictions.
Section 1321.391 | Short-Term Loans of Longer Than 90 Days.
Section 1321.40 | Maximum Interest Rate; Permissible Short-Term Loan Fees.
Section 1321.401 | Refinancing Short-Term Loans.
Section 1321.402 | Prepayment or Refinancing Prior to Short-Term Loan Maturity Date.
Section 1321.403 | Short-Term Loan Fee Cap; Exceptions.
Section 1321.41 | Short-Term Loan Licensee Prohibitions.
Section 1321.411 | Short-Term Loan Collection Limitations.
Section 1321.42 | Enforcement Actions Relating to Short-Term Loan License.
Section 1321.421 | Examination of Short-Term Loan Licensee's Records.
Section 1321.422 | Short-Term Loan Licensee Recordkeeping; Annual Reports.
Section 1321.43 | Short-Term Loan Law Rules and Orders.
Section 1321.45 | Prohibited Short-Term Loan Debt Collection Practices.
Section 1321.46 | Verification of Borrower's Income Before Making Short-Term Loan.
Section 1321.47 | Duties of Short-Term Loan Licensees; Civil Action by Borrower.
Section 1321.48 | Reports by Superintendent; Confidentiality of Information.
Section 1321.51 | General Loan Law Definitions.
Section 1321.541 | Actions by Attorney General, County Prosecutor to Enforce General Loan Law.
Section 1321.55 | General Loan Registrant Recordkeeping; Annual Report; Confidentiality.
Section 1321.551 | Evading General Loan Law Requirements.
Section 1321.56 | Forfeiting General Loan Interest for Interest Rate Violation.
Section 1321.571 | General Loan Alternative Interest Rate.
Section 1321.58 | Open-End Loans by General Loan Registrant.
Section 1321.59 | General Loan Law Registrant - Prohibited Acts.
Section 1321.591 | Compliance With Fair Debt Collection Practices Act.
Section 1321.592 | Prohibited General Loans by Registrants.
Section 1321.60 | Advertising for General Loans.
Section 1321.62 | Consumer Installment Loan Act Definitions.
Section 1321.63 | Activities for Which Consumer Installment Loan License Is Required.
Section 1321.631 | Applicability of Consumer Installment Loan Act.
Section 1321.632 | Consumer Installment Loan Licensee Authority; Prohibited Activities.
Section 1321.64 | Application for Consumer Installment Loan License; Approval Procedure.
Section 1321.641 | Renewal of Consumer Installment Loan License.
Section 1321.642 | Effect of Change in Ownership of a Consumer Installment Loan Licensee; Notice.
Section 1321.644 | Persons Selling Tangible Goods or Services.
Section 1321.65 | Asset Requirements of Consumer Installment Loan Licensee.
Section 1321.651 | Advertising for Consumer Installment Loans.
Section 1321.66 | Consumer Installment Loan Licensee Recordkeeping; Examination of Records.
Section 1321.661 | Consumer Installment Loan Licensee Call Reports.
Section 1321.662 | Confidential Information.
Section 1321.663 | Consumer Installment Loan Act Investigations - Prohibited Acts.
Section 1321.664 | Compliance With Federal Laws and Regulations.
Section 1321.666 | Authority of Superintendent to Enforce Consumer Installment Loan Act.
Section 1321.67 | Closing of Consumer Installment Loans; Duties of Licensee.
Section 1321.671 | Repayment of Consumer Installment Loan.
Section 1321.672 | Insurance Obtained on Behalf of Consumer Installment Loan Borrower.
Section 1321.673 | Evading Consumer Installment Loan Requirements.
Section 1321.674 | Forfeiting Consumer Installment Loan Interest for Interest Rate Violation.
Section 1321.681 | Open-End Consumer Installment Loans.
Section 1321.69 | Consumer Installment Loan Licensee Prohibitions.
Section 1321.691 | Employee Remote Work.
Section 1321.70 | Enforcement Actions for Consumer Installment Loan Act Violations.
Section 1321.702 | Rules Relating to the Consumer Installment Loan Act.
Section 1321.71 | Insurance Premium Finance Company Law Definitions.
Section 1321.72 | Application of Insurance Premium Finance Company Law.
Section 1321.73 | Insurance Premium Finance Company License Requirement; Annual Fee; Assets.
Section 1321.75 | Enforcement Actions Regarding Insurance Premium Finance Company License.
Section 1321.76 | Insurance Premium Finance Company Licensee Recordkeeping; Division Powers.
Section 1321.77 | Insurance Premium Finance Company Rules.
Section 1321.78 | Premium Finance Agreement; Notice to Insurer.
Section 1321.79 | Insurance Premium Finance Company Finance Charge Limits.
Section 1321.791 | Insurance Premium Finance Company Alternative Finance Charges.
Section 1321.80 | Delinquency, Cancellation, and Check Collection Charges.
Section 1321.81 | Cancellation of Insurance Contract Listed in Premium Finance Agreement.
Section 1321.84 | Effect of Child Support Default on License, Certificate, or Permit.