Ohio § 1321.632
Full text of Ohio Ohio Revised Code § 1321.632, with citation guidance and answers to common questions.
§ 1321.632.
A licensee may engage in the business of making loans provided the licensee does not
do any of the following: (A) Assess an origination fee pursuant to section 1321.68 of the Revised Code more than three times in any twelve-month period; (B) Accept a dated instrument from the borrower as security for a loan; (C) Hold an instrument for a period of time prior to negotiation or deposit of the instrument; (D) Pay to a borrower, credit to a borrower's account, or pay to another person on the
borrower's behalf the amount of an instrument, less interest, fees, or any other charges
permitted by section 1321.68 of the Revised Code ; (E) Refinance the loan during the first one hundred twenty days of the loan term; (F) Except for the deferment charge permitted by section 1321.68 of the Revised Code , charge or collect any fee, charge, or remuneration of any sort for renewing, amending,
or extending a loan beyond its original term.
Frequently Asked Questions About Ohio § 1321.632
What does Ohio Revised Code § 1321.632 cover?
Section 1321.632 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 § 1321.632?
A common citation format is "Ohio Revised Code § 1321.632" (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 § 1321.632 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.