Ohio Rev. Code § 1321.59

Current with legislation from 2024 received as of August 15, 2024.
Section 1321.59 - General Loan Law registrant - prohibited acts
(A) No registrant under sections 1321.51 to 1321.60 of the Revised Code shall permit any borrower to be indebted for a loan made under sections 1321.51 to 1321.60 of the Revised Code at any time while the borrower is also indebted to an affiliate or agent of the registrant for a loan made under sections 1321.01 to 1321.19 of the Revised Code for the purpose or with the result of obtaining greater charges than otherwise would be permitted by sections 1321.51 to 1321.60 of the Revised Code.
(B) No registrant shall induce or permit any person to become obligated to the registrant under sections 1321.51 to 1321.60 of the Revised Code, directly or contingently, or both, under more than one contract of loan at the same time for the purpose or with the result of obtaining greater charges than would otherwise be permitted by sections 1321.51 to 1321.60 of the Revised Code.
(C) No registrant shall refuse to provide information regarding the amount required to pay in full a loan under sections 1321.51 to 1321.60 of the Revised Code when requested by the borrower or by another person designated in writing by the borrower.

R.C. § 1321.59

Amended by 132nd General Assembly, HB 199,§1, eff. 3/23/2018.
Amended by 128th General Assembly, SB 124, §1, eff. 12/28/2009.
Amended by 128th General Assembly, HB 1, §101.01, eff. 10/16/2009.
Effective Date: 06-13-1996 .
See 128th General Assembly, SB 124, §5.
See 128th General Assembly, HB 1, §745.60.