Ohio § 1321.47
Full text of Ohio Ohio Revised Code § 1321.47, with citation guidance and answers to common questions.
§ 1321.47.
(A) A person licensed, and any person required to be licensed under sections 1321.35 to 1321.48 of the Revised Code , in addition to duties imposed by other statutes or common law, shall do all of the
following: (1) Follow reasonable and lawful instructions from the borrower; (2) Act with reasonable skill, care, and diligence; (3) Act in good faith and fair dealing in any transaction or practice or course of business
in connection with a short-term loan. (B) The duties and standards of care created in this section may not be waived or modified. (C) A borrower injured by a violation of this section may bring an action for recovery
of damages. Damages awarded shall not be less than all compensation paid directly or indirectly
to a licensee from any source, plus reasonable attorney's fees and court costs. The borrower may be awarded punitive damages.
Frequently Asked Questions About Ohio § 1321.47
What does Ohio Revised Code § 1321.47 cover?
Section 1321.47 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 § 1321.47?
A common citation format is "Ohio Revised Code § 1321.47" (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 § 1321.47 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.