Ohio Payday Loan Laws
 | Max Term of Payday Loan: | 6 months | | Max Fees and Finance Charges: | 5% per month + scaled origination fee | | Maximum Loan Amount: | $800 | | Number of Rollovers: | None (cannot refinance) | | Outstanding loans allowed at one time: | 1 | | Cool-off period: | Not specified | | Military Protection: | Not specified | | Payment Plan: | Not specified | | Limits on collection and presentment: | Not specified | | Collection fees: | Bank charges (if disclosed); $20 collection charge; Court costs; damages | | Presentment Limit: | Not specified | | Penalties: | Civil Fines, Suspension or revocations of license; Cease and Desist Order | | Private right of action: | Yes |
Ohio Payday Loan Laws:
The APR for a 14-day $100 loan is 390%.
| Payday Loan Laws: |
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