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