Ohio § 1321.46
Full text of Ohio Ohio Revised Code § 1321.46, with citation guidance and answers to common questions.
§ 1321.46.
(A) Before initiating a short-term loan transaction with a borrower, a licensee shall
make a reasonable attempt to verify the borrower's income for purposes of division (B)(2) of section 1321.39 and section 1321.391 of the Revised Code . At a minimum, the licensee shall obtain from the borrower one or more recent pay
stubs or other written evidence of recurring income, such as a bank statement. The written evidence shall include at least one document that, when presented to
the licensee, is dated not earlier than forty-five days prior to the borrower's initiation
of the short-term loan transaction. If the borrower intends to provide a bank statement, the licensee shall permit the
borrower to delete from the statement the information regarding to whom the debits
listed on the statement are payable. (B) The superintendent of financial institutions may adopt rules under section 1321.43 of the Revised Code that set forth any other procedures the superintendent considers necessary to ensure
accurate verification of borrower income.
Frequently Asked Questions About Ohio § 1321.46
What does Ohio Revised Code § 1321.46 cover?
Section 1321.46 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 § 1321.46?
A common citation format is "Ohio Revised Code § 1321.46" (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 § 1321.46 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.