Ohio

Legal Status

Legal

Citation

Ohio Rev. Code Ann. 1321.35 et seq.

Loan Terms

Maximum Loan Amount: $1,000

Loan Term: 91 days to 1 year

Maximum Finance Rate and Fees: 28% + lesser of 10% of originally contracted loan amount or $30 maintenance fee

Finance Charge for 14-day $100 Loan: No 14-day loans

APR for 14-day $100 Loan: No 14-day loans

Debt Limits

Maximum Number of Outstanding Loans at One Time: Maximum of $2500 Outstanding. ORC Ann. 1321.41

Repayment Plan: equal payments across all months. ORC Ann. 1321.39