Ohio § 1321.52

§ 1321.52.

(A)(1) A registrant may make loans, other than a residential mortgage loan as defined in section 1322.01 of the Revised Code , on terms and conditions provided by sections 1321.51 to 1321.60 of the Revised Code . (2) Each person issued a certificate of registration is subject to all the rules prescribed

under sections 1321.51 to 1321.60 of the Revised Code . (B)(1) All loans made to persons who at the time are residents of this state are considered

as made within this state and subject to the laws of this state, regardless of any

statement in the contract or note to the contrary, except if the loan is for the purpose

of purchasing goods acquired by the borrower when the borrower is outside of this

state, the loan may be governed by the laws of the other state. (2) Nothing in division (B)(1) of this section prevents a choice of law or requires registration

of persons outside of this state in a transaction involving the solicitation of residents

of this state to obtain non-real estate secured loans that require the borrowers to

physically visit a lender's out-of-state office to apply for and obtain the disbursement

of loan funds. (C) A registrant may make unsecured loans and loans secured by other than residential

real estate or a dwelling as those terms are defined in section 1322.01 of the Revised Code . (D) For the purpose of registering persons under and requiring compliance with sections 1321.51 to 1321.60 of the Revised Code , the superintendent may do any of the following: (1) Require any person registered under or applying for registration under these sections

to do both of the following: (a) Utilize the national multistate licensing system for application, renewal, amendment,

or surrender of a license or for any other activity as the superintendent may require; (b) Pay all applicable charges to utilize the national multistate licensing system. (2) Establish requirements as necessary for the use of the national multistate licensing

system to meet the purposes of these sections, including: (a) Background checks for: (i) Criminal history through fingerprint or other databases; (ii) Civil or administrative records; (iii) Credit history; (iv) Any other information considered necessary by the national multistate licensing system

or the superintendent. (b) The payment of fees to apply for or renew licenses through the multistate licensing

system; (c) The setting or resetting of renewal or reporting dates; (d) Requirements for amending or surrendering a license or any other such activities

as the superintendent considers necessary for participation in the national multistate

licensing system.