Ohio Code § 1321.422
Ohio Code § 1321.422. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1321.422.
(A) Every licensee shall keep and use in the licensee's business such books, accounts,
records, and loan documents as will enable the division of financial institutions
to determine whether the licensee is complying with sections 1321.35 to 1321.48 of the Revised Code and with the orders and rules made by the division under those sections. Such books, accounts, records, and loan documents shall be segregated from those
pertaining to transactions that are not subject to sections 1321.35 to 1321.48 of the Revised Code . Every licensee shall preserve the books, accounts, records, and loan documents pertaining
to loans made under sections 1321.35 to 1321.48 of the Revised Code for at least two years after making the final entry on, or final revision of any
loan document relative to, any loan recorded therein. Accounting systems maintained in whole or in part by mechanical or electronic data
processing methods that provide information equivalent to that otherwise required
are acceptable for this purpose. (B)(1) As required by the superintendent of financial institutions, each licensee shall
file with the division each year a report under oath or affirmation, on forms supplied
by the division, concerning the business and operation for the preceding calendar
year. If a licensee has more than one place of business in this state, the licensee shall
furnish a report for each location. (2) The division shall publish annually and make available to the public an analysis
of the information required under division (B)(1) of this section, but the individual
reports shall not be public records and shall not be open to public inspection. The published analysis shall include all of the following: (a) The total number of borrowers, loans, defaulted loans, and charged-off loans and
the total dollar value of the charged-off loans; (b) The average loan size, average contracted and average experienced annual percentage
rate, average charges per loan, total contracted loan charges, and total loan charges
actually paid; (c) The total number of check collection charges and the total dollar value of those
charges; (d) The total number of licensee business locations and the average number of borrowers
per location; (e) Any other nonprivate information determined by the superintendent.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1321.422
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
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What subject does Ohio Revised Code § 1321.422 address?
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Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
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