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