Ohio Code § 1321.63
Ohio Code § 1321.63. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1321.63.
(A)(1) No person shall do either of the following without first having obtained a license
from the superintendent of financial institutions under sections 1321.62 to 1321.702 of the Revised Code : (a) Engage in the business of lending money under sections 1321.62 to 1321.702 of the Revised Code ; (b) Contract for, or receive, directly or indirectly, on or in connection with any such
loan, any interest and charges that in the aggregate are greater than the interest
and charges that the lender would be permitted to charge for a loan of money if the
lender were not a licensee. (2) Division (A)(1) of this section applies to any person, who by any device, subterfuge,
or pretense, charges, contracts for, or receives greater interest, consideration,
or charges than that authorized by this section for any such loan, or who for a fee
or any manner of compensation arranges or offers to find or arrange for another person
to make any such loan. (B) This section does not preclude the acquiring, directly or indirectly, by purchase
or discount, of a bona fide obligation for goods or services when such obligation
is payable directly to the person who provided the goods or services. (C) Any contract of a loan in the making or collection of which an act is done by the
lender that violates this section is void and the lender has no right to collect,
receive, or retain any principal, interest, or charges.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1321.63
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
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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The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 1321.63 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 1321.63 still in force?
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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