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Ohio Rev. Code Ann. § 6121.045

Fees and fines may not exceed loan principal

Effective: September 23, 2008; Latest Legislation: House Bill 562 - 127th General Assembly

With respect to a loan made under this chapter, the Ohio water development authority shall not charge any fees or fines that, in the aggregate, exceed an amount equal to the principal amount of the loan.

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.