| Duration Longer Than 91 Days; Determination of Recommended Length.

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Effective: October 29, 2018

Latest Legislation: House Bill 123 - 132nd General Assembly

If the duration of a short-term loan is ninety-one days or greater, the licensee shall determine the recommended length of a loan based on the borrower's verified monthly income as described in division (B)(2) of section 1321.39 of the Revised Code. The licensee shall provide the borrower with a written copy of its recommendation, which is not binding on the borrower.


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