{"data":{"id":"us-oh/ohio-rev.-code-1321.632","jurisdiction":"us-oh","citation":"Ohio Rev. Code § 1321.632","heading":"Consumer installment loan licensee authority; prohibited activities.","body":"A licensee may engage in the business of making loans provided the licensee does not do any of the following:\n(A) Assess an origination fee pursuant to section 1321.68 of the Revised Code more than three times in any twelve-month period;\n(B) Accept a dated instrument from the borrower as security for a loan;\n(C) Hold an instrument for a period of time prior to negotiation or deposit of the instrument;\n(D) Pay to a borrower, credit to a borrower's account, or pay to another person on the borrower's behalf the amount of an instrument, less interest, fees, or any other charges permitted by section 1321.68 of the Revised Code;\n(E) Refinance the loan during the first one hundred twenty days of the loan term;\n(F) Except for the deferment charge permitted by section 1321.68 of the Revised Code, charge or collect any fee, charge, or remuneration of any sort for renewing, amending, or extending a loan beyond its original term.","path":["Title 13 Commercial Transactions","Chapter 1321 Various Loans"],"source_url":"https://codes.ohio.gov/ohio-revised-code/section-1321.632","current_through":"2017-09-12 (Senate Bill 24 - 132nd General Assembly)","vintage":"","retrieved_at":"2026-09-14T19:24:29Z","sha256":"65defb5292ebf7a4620a45d917c4a8496612457540d577ac9e853ff28fb10748","source_id":"us-oh","stale":false,"prev":"us-oh/ohio-rev.-code-1321.631","next":"us-oh/ohio-rev.-code-1321.64"},"notice":"GroundRules: Original legal text. Not legal advice."}