Ohio § 1321.63
Full text of Ohio Ohio Revised Code § 1321.63, with citation guidance and answers to common questions.
§ 1321.63.
(A)(1) No person shall do either of the following without first having obtained a license
from the superintendent of financial institutions under sections 1321.62 to 1321.702 of the Revised Code : (a) Engage in the business of lending money under sections 1321.62 to 1321.702 of the Revised Code ; (b) Contract for, or receive, directly or indirectly, on or in connection with any such
loan, any interest and charges that in the aggregate are greater than the interest
and charges that the lender would be permitted to charge for a loan of money if the
lender were not a licensee. (2) Division (A)(1) of this section applies to any person, who by any device, subterfuge,
or pretense, charges, contracts for, or receives greater interest, consideration,
or charges than that authorized by this section for any such loan, or who for a fee
or any manner of compensation arranges or offers to find or arrange for another person
to make any such loan. (B) This section does not preclude the acquiring, directly or indirectly, by purchase
or discount, of a bona fide obligation for goods or services when such obligation
is payable directly to the person who provided the goods or services. (C) Any contract of a loan in the making or collection of which an act is done by the
lender that violates this section is void and the lender has no right to collect,
receive, or retain any principal, interest, or charges.
Frequently Asked Questions About Ohio § 1321.63
What does Ohio Revised Code § 1321.63 cover?
Section 1321.63 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 § 1321.63?
A common citation format is "Ohio Revised Code § 1321.63" (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 § 1321.63 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.