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Ohio Pay Day Loan legislation
Appropriate reputation: appropriate in the Ohio state
Ohio Advance Loan Terms:
- Optimum Advance Loan Amount: $1000
- Payday Loan Term: minimal 31 times
- Optimum Finance rate and costs in Ohio: 28% yearly interest
- Finance Charge for 14-day $100 pay time loan in Ohio: $1.08
- Day APR for 14-day $100 loan pay loan in Ohio: 28percent
Ohio Advance Loan Debt Limits:
- Optimum degree of Outstanding Loans in to the past: 1, but 4 are permitted throughout every period
- Rollovers Permitted: None
- Cooling-off Period: 2 loan limitation in 3 months
- Repayment Arrange: Yes, 60 times, no costs
Ohio Pay loan Collection Limitations day:
Collection fees: $20 collection price, Bank costs (if disclosed); Court expenses after standard; damages