Asset requirements of consumer installment loan licensee

Ohio Rev. Code Ann. § 1321.65, under Chapter 1321 | Various Loans.

Ohio Rev. Code Ann. § 1321.65

Each licensee that conducts business under sections 1321.62 to 1321.702 of the Revised Code shall maintain both of the following: (A) A net worth of at least fifty thousand dollars; (B) For each license, assets of at least fifty thousand dollars either in use or readily available for use in the conduct of the business. Last updated November 5, 2021 at 4:15 PM