Ohio § 1321.403
Full text of Ohio Ohio Revised Code § 1321.403, with citation guidance and answers to common questions.
§ 1321.403.
Notwithstanding any provision of sections 1321.35 to 1321.48 of the Revised Code to the contrary, a licensee shall not charge, collect, or receive in connection with
a short-term loan a total amount of fees and charges that exceeds sixty per cent of
the originally contracted loan amount. For purposes of this section, all charges made in connection with the loan shall
be included when calculating the total loan charges except for all of the following: (A) The check collection charge authorized under section 1321.40 of the Revised Code ; (B) The check cashing fee authorized under section 1321.40 of the Revised Code ; (C) The interest charges on a loan that is refinanced in accordance with section 1321.401 of the Revised Code .
Frequently Asked Questions About Ohio § 1321.403
What does Ohio Revised Code § 1321.403 cover?
Section 1321.403 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 1321.403?
A common citation format is "Ohio Revised Code § 1321.403" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1321.403 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.