Ohio Rev. Code § 1321.131

Current with legislation from 2024 received as of March 20, 2024.
Section 1321.131 - Small loan alternative interest rate

As an alternative to the interest permitted in division (A) of section 1321.13 and in division (B) of section 1321.16 of the Revised Code, a licensee may contract for and receive interest at any rate or rates agreed upon or consented to by the parties to the loan contract or open-end loan agreement, but not exceeding an annual percentage rate of twenty-five per cent.

R.C. §1321.131

Effective Date: 2/11/1982 .