Ohio Rev. Code § 1321.56: Forfeiting general loan interest for interest rate violation.
Where this section sits in the code
- Title 13 Commercial Transactions
- Chapter 1321 Various Loans
Any person who willfully violates section 1321.57 of the Revised Code shall forfeit to the borrower the amount of interest paid by the borrower. The maximum rate of interest applicable to any loan transaction that does not comply with section 1321.57 of the Revised Code shall be the rate that would be applicable in the absence of sections 1321.51 to 1321.60 of the Revised Code.
Collected 2026-09-14T19:24:29Z. Source file · JSON