Ohio Code § 1321.641
Ohio Code § 1321.641. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1321.641.
(A) A license issued under section 1321.64 of the Revised Code may be renewed annually on or before the thirty-first day of December by submitting
a renewal application in the form prescribed by the superintendent of financial institutions. The application shall be accompanied by a nonrefundable renewal fee of three hundred
dollars, any assessment as determined by the superintendent pursuant to division (B)
of this section, and any additional fee required by the NMLSR. A licensee shall not be required to pay any other fee or assessment by the state
or any political subdivision of the state. (B) If the amount of renewal fees collected by the division of financial institutions
is less than the estimated expenditures of the consumer finance section of the division,
as determined by the superintendent, for the following fiscal year, the superintendent
may assess each licensee at a rate sufficient to equal in the aggregate the difference
between the renewal fees collected and the estimated expenditures. Each licensee shall pay the assessed amount to the superintendent prior to the last
day of June. In no event shall the assessment exceed ten cents per each one hundred dollars of
interest (excluding charge-off recoveries), loan origination charges, and credit line
charges collected by that licensee during the previous calendar year. If such an assessment is imposed, it shall not be less than two hundred fifty dollars
per licensee and shall not exceed thirty thousand dollars less the total renewal fees
paid pursuant to division (A) of this section by each licensee. (C) If a renewal application does not contain all of the information required, and if
that information is not submitted to the division or to the NMLSR within ninety days
after the superintendent or the NMLSR requests the information in writing, including
by electronic transmission or facsimile, the superintendent may consider the renewal
application withdrawn. (D) An applicant's license shall not be renewed if it is subject to an order of suspension
or an unpaid and past due fine imposed by the superintendent.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1321.641
- 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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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 § 1321.641 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.
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