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Ohio Rev. Code Ann. § 1321.65

Asset requirements of consumer installment loan licensee

Effective: September 12, 2017; Latest Legislation: Senate Bill 24 - 132nd General Assembly

Each licensee that conducts business under sections 1321.62 to 1321.702 of the Revised Code shall maintain both of the following:

(A) A net worth of at least fifty thousand dollars;

(B) For each license, assets of at least fifty thousand dollars either in use or readily available for use in the conduct of the business.

Last updated November 5, 2021 at 4:15 PM

Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.