Ohio § 1321.641
Full text of Ohio Ohio Revised Code § 1321.641, with citation guidance and answers to common questions.
§ 1321.641.
(A) A license issued under section 1321.64 of the Revised Code may be renewed annually on or before the thirty-first day of December by submitting
a renewal application in the form prescribed by the superintendent of financial institutions. The application shall be accompanied by a nonrefundable renewal fee of three hundred
dollars, any assessment as determined by the superintendent pursuant to division (B)
of this section, and any additional fee required by the NMLSR. A licensee shall not be required to pay any other fee or assessment by the state
or any political subdivision of the state. (B) If the amount of renewal fees collected by the division of financial institutions
is less than the estimated expenditures of the consumer finance section of the division,
as determined by the superintendent, for the following fiscal year, the superintendent
may assess each licensee at a rate sufficient to equal in the aggregate the difference
between the renewal fees collected and the estimated expenditures. Each licensee shall pay the assessed amount to the superintendent prior to the last
day of June. In no event shall the assessment exceed ten cents per each one hundred dollars of
interest (excluding charge-off recoveries), loan origination charges, and credit line
charges collected by that licensee during the previous calendar year. If such an assessment is imposed, it shall not be less than two hundred fifty dollars
per licensee and shall not exceed thirty thousand dollars less the total renewal fees
paid pursuant to division (A) of this section by each licensee. (C) If a renewal application does not contain all of the information required, and if
that information is not submitted to the division or to the NMLSR within ninety days
after the superintendent or the NMLSR requests the information in writing, including
by electronic transmission or facsimile, the superintendent may consider the renewal
application withdrawn. (D) An applicant's license shall not be renewed if it is subject to an order of suspension
or an unpaid and past due fine imposed by the superintendent.
Frequently Asked Questions About Ohio § 1321.641
What does Ohio Revised Code § 1321.641 cover?
Section 1321.641 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 § 1321.641?
A common citation format is "Ohio Revised Code § 1321.641" (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 § 1321.641 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.