Ohio Code § 1321.15

§ 1321.15.

(A) No licensee shall knowingly induce or permit any person, jointly or severally, to

be obligated, directly or contingently or both, under more than one contract of loan

at the same time for the purpose or with the result of obtaining a higher rate of

interest or greater charges than would otherwise be permitted upon a single loan made

under sections 1321.01 to 1321.19 of the Revised Code . (B) No licensee shall charge, contract for, or receive, directly or indirectly, interest

and charges greater than such licensee would be permitted to charge, contract for,

or receive without a license under sections 1321.01 to 1321.19 of the Revised Code on any part of an indebtedness for one or more than one loan of money if the amount

of such indebtedness is in excess of five thousand dollars. (C) For the purpose of the limitations set forth in this section, the amount of any such

indebtedness shall be determined by including the entire obligation of any person

to the licensee for principal, direct or contingent or both, as borrower, indorser,

guarantor, surety for, or otherwise, whether incurred or subsisting under one or more

than one contract of loan, except that any contract of indorsement, guaranty, or suretyship

that does not obligate the indorser, guarantor, or surety for any charges in excess

of eight per cent per annum, is not included in such entire obligation.  If a licensee acquires, directly or indirectly, by purchase or discount, bona fide

obligations for goods or services owed by the person who received such goods or services

to the person who provided such goods or services, then the amount of such purchased

or discounted indebtedness to the licensee shall not be included in computing the

aggregate indebtedness of such borrower to the licensee for the purpose of the prohibitions

set forth in this section.