Short-term loan collection limitations

Ohio Rev. Code Ann. § 1321.411, under Chapter 1321 | Various Loans.

Ohio Rev. Code Ann. § 1321.411

A licensee shall not attempt to collect from a borrower's account after two consecutive attempts have failed, unless the licensee obtains new written authorization from the borrower to electronically transfer or withdraw funds from the borrower's account. Last updated November 5, 2021 at 5:31 PM