A guide to Payday Loans in Ohio, USA.

What are the Citation (s) to Payday Loan or Small Loan Laws in Ohio?
A: The relevant citation regarding Payday Loans in the Ohio State Jurisdiction is Ohio Rev. Code Ann. §§ 1315.35 et seq.

Q: Are Payday Loans legal in Ohio? 
A: Yes Payday Loans are legal in Ohio (Applies to check cashers only)

Q: What is the Maximum Cash Advance Loan Amount in Ohio?
A: The maximum Cash Advance or Payday Loan amount is $800. 

Q: What is the Payday Loan Term in Ohio?
A: The Maximum Payday Loan Term in Ohio is six months. 

Q: What is the Maximum Rate and Fee for Cash Advance Loans in Ohio?
A: The Maximum fee for Cash Advance Loans in Ohio is $10 for every $100 + 5% per month

Q: What is the Finance charge for 14-day $100 payday loan in Ohio State?
A: The Finance charge for 14-day $100 payday loan in Ohio is $15. 

Q: What is the APR for 14-day $100 payday loan in Ohio State?
A: The APR charged for 14-day $100 payday loan in Ohio is 390 percent. 

Q: Is there a limit on the number of payday loans I can take at one time? 
A: Yes, you can only take one payday loan at one time. 



Q: How many times can the lender rollover my payday loan in Ohio? 
A: The lender cannot rollover (renew, extend or consolidate) the payday loan. 

Q: If I cannot repay my payday loan can the lender initiate a criminal action? 
A: It is not specified if the lender can initiate a criminal action against the borrower 

Q: Can I be charged a collection fee for a payday loan?
A: Yes, Bank charges (if disclosed); $20 collection charge; Court Costs; damages. 

Contact the Department Of Financial Institutions

If you have questions about payday loans please contact the Ohio Department of Financial Institutions at:

Ohio Division of Financial Institutions
Address: 77 South High Street, 21st Floor Columbus, OH 43215
Phone: (614) 728-8400
Fax: 
Regulatory Contact: Robert M. Grieser, Deputy Superintendent for Consumer Finance
Website: http://www.com.state.oh.us/dfi/

Where can I find a payday loan store in Ohio? 

You can find the store nearest to your location by simply clicking on this link loc: Ohio