Ohio § 1733.251
Full text of Ohio Ohio Revised Code § 1733.251, with citation guidance and answers to common questions.
§ 1733.251.
(A) As an alternative to the interest permitted in division (C) of section 1733.25 of the Revised Code , a credit union may contract for and receive interest at any rate or rates agreed
upon or consented to by the parties to the contract for the loan or other extension
of credit, but not exceeding an annual percentage rate of twenty-five per cent. (B) The computation of the loan or other extension of credit balance on which interest
is assessed and the method of compounding interest on the balance pursuant to this
section shall be as agreed upon by the credit union and the member.
Frequently Asked Questions About Ohio § 1733.251
What does Ohio Revised Code § 1733.251 cover?
Section 1733.251 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 § 1733.251?
A common citation format is "Ohio Revised Code § 1733.251" (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 § 1733.251 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.