Statutes, codes, and regulations
Ohio Revised Code
Title 13 - COMMERCIAL TRANSACTIONS - OHIO UNIFORM COMMERCIAL CODE
Chapter 1321 - SMALL LOANS
Section 1321.411 - Short-term loan collection limitations

Ohio Rev. Code § 1321.411

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Current with legislation from 2024 received as of August 15, 2024.
Section 1321.411 - Short-term loan collection limitations

A licensee shall not attempt to collect from a borrower's account after two consecutive attempts have failed, unless the licensee obtains new written authorization from the borrower to electronically transfer or withdraw funds from the borrower's account.

R.C. § 1321.411

Amended by 132nd General Assembly, HB 123,§1, eff. 10/29/2018, applicable to loans that are made, or extensions of credit that are obtained, on or after a date that is 180 days after the effective date of this act.