Payday Loan Laws - OH
The rules and regulations issuers of payday loans must abide by in the state of Ohio.
Legal Status:
Legal
Loan Terms:
Maximum Loan Amount: $800
Loan Term: Max: 6 months
Maximum Finance Rate and Fees: $10/$100 + 5% per month
Finance Charge for 14-day $100 loan: $15
APR for 14-day $100 loan: 390%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot refinance)
Collection Limits:
Collection Fees: Bank charges (if disclosed); $20 collection charge; Court Costs; damages
Criminal Action: Not Specified
Go back to Payday Loan Laws
Apply for a Payday Loan
Get approved for a payday cash advance today with no credit check, no faxing, and instant online approval. Have up to $1500 in your account the next day! With a simple and easy online application and instant approval, get the cash you need right now!
