A licensee may refinance a short-term loan provided that all of the following apply to the refinanced loan:
(A) The loan is a short-term loan.
(B) Interest on the loan does not exceed a rate of twenty-eight per cent per annum.
(C) The licensee does not charge, collect, or receive the monthly maintenance fee described in division (B) of section 1321.40 of the Revised Code.
Last updated November 4, 2021 at 4:08 PM