reglab/housing_qa huggingface dataset:
Ohio Rev Code § 1321.592 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.592 | Prohibited General Loans by Registrants.

Effective: October 29, 2018|Latest Legislation:  House Bill 123 - 132nd General Assembly|( A) A registrant shall not make a loan under sections 1321.51 to 1321.60 of the Revised Code that meets either of the following conditions: (1) The amount of the loan is one thousand dollars or less. (2) The loan has a duration of one year or less. (B) A registrant shall not engage in any act or practice to evade the requirement of division (A) of this section, including by contracting with a borrower to make a loan on terms that would be prohibited by that division. (C) No registrant shall fail to comply with this section. Last updated November 5, 2021 at 3:53 PM
Ohio Rev Code § 1321.60 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.60 | Advertising for General Loans.

Effective: March 23, 2018|Latest Legislation:  House Bill 199 - 132nd General Assembly|(A) Advertising for loans subject to sections 1321.51 to 1321.60 of the Revised Code shall not be false, misleading, or deceptive. (B) In making any advertisement, a registrant shall comply with 12 C.F.R. 1026.16, as applicable. Last updated November 5, 2021 at 3:54 PM
Ohio Rev Code § 1321.63 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.63 | Activities for Which Consumer Installment Loan License Is Required.

Effective: September 12, 2017|Latest Legislation:  Senate Bill 24 - 132nd General Assembly|(A)(1) No person shall do either of the following without first having obtained a license from the superintendent of financial institutions under sections 1321.62 to 1321.702 of the Revised Code: (a) Engage in the business of lending money under sections 1321.62 to 1321.702 of the Revised Code; (b) Contract for, or receive, directly or indirectly, on or in connection with any such loan, any interest and charges that in the aggregate are greater than the interest and charges that the lender would be permitted to charge for a loan of money if the lender were not a licensee. (2) Division (A)(1) of this section applies to any person, who by any device, subterfuge, or pretense, charges, contracts for, or receives greater interest, consideration, or charges than that authorized by this section for any such loan, or who for a fee or any manner of compensation arranges or offers to find or arrange for another person to make any such loan. (B) This section does not preclude the acquiring, directly or indirectly, by purchase or discount, of a bona fide obligation for goods or services when such obligation is payable directly to the person who provided the goods or services. (C) Any contract of a loan in the making or collection of which an act is done by the lender that violates this section is void and the lender has no right to collect, receive, or retain any principal, interest, or charges. Last updated November 5, 2021 at 4:01 PM
Ohio Rev Code § 1321.632 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.632 | Consumer Installment Loan Licensee Authority; Prohibited Activities.

Effective: September 12, 2017|Latest Legislation:  Senate Bill 24 - 132nd General Assembly|A licensee may engage in the business of making loans provided the licensee does not do any of the following: (A) Assess an origination fee pursuant to section 1321.68 of the Revised Code more than three times in any twelve-month period; (B) Accept a dated instrument from the borrower as security for a loan; (C) Hold an instrument for a period of time prior to negotiation or deposit of the instrument; (D) Pay to a borrower, credit to a borrower's account, or pay to another person on the borrower's behalf the amount of an instrument, less interest, fees, or any other charges permitted by section 1321.68 of the Revised Code; (E) Refinance the loan during the first one hundred twenty days of the loan term; (F) Except for the deferment charge permitted by section 1321.68 of the Revised Code, charge or collect any fee, charge, or remuneration of any sort for renewing, amending, or extending a loan beyond its original term. Last updated November 5, 2021 at 4:07 PM
Ohio Rev Code § 1321.641 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.641 | Renewal of Consumer Installment Loan License.

Effective: September 12, 2017|Latest Legislation:  Senate Bill 24 - 132nd General Assembly|(A) A license issued under section 1321.64 of the Revised Code may be renewed annually on or before the thirty-first day of December by submitting a renewal application in the form prescribed by the superintendent of financial institutions. The application shall be accompanied by a nonrefundable renewal fee of three hundred dollars, any assessment as determined by the superintendent pursuant to division (B) of this section, and any additional fee required by the NMLSR. A licensee shall not be required to pay any other fee or assessment by the state or any political subdivision of the state. (B) If the amount of renewal fees collected by the division of financial institutions is less than the estimated expenditures of the consumer finance section of the division, as determined by the superintendent, for the following fiscal year, the superintendent may assess each licensee at a rate sufficient to equal in the aggregate the difference between the renewal fees collected and the estimated expenditures. Each licensee shall pay the assessed amount to the superintendent prior to the last day of June. In no event shall the assessment exceed ten cents per each one hundred dollars of interest (excluding charge-off recoveries), loan origination charges, and credit line charges collected by that licensee during the previous calendar year. If such an assessment is imposed, it shall not be less than two hundred fifty dollars per licensee and shall not exceed thirty thousand dollars less the total renewal fees paid pursuant to division (A) of this section by each licensee. (C) If a renewal application does not contain all of the information required, and if that information is not submitted to the division or to the NMLSR within ninety days after the superintendent or the NMLSR requests the information in writing, including by electronic transmission or facsimile, the superintendent may consider the renewal application withdrawn. (D) An applicant's license shall not be renewed if it is subject to an order of suspension or an unpaid and past due fine imposed by the superintendent. Last updated November 5, 2021 at 4:13 PM
Ohio Rev Code § 1321.642 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.642 | Effect of Change in Ownership of a Consumer Installment Loan Licensee; Notice.

Effective: September 12, 2017|Latest Legislation:  Senate Bill 24 - 132nd General Assembly|(A) If there is a change of five per cent or more in the ownership of a licensee, the division of financial institutions may make any investigation necessary to determine whether any fact or condition exists that, if it had existed at the time of the original application for a license, the fact or condition would have warranted the division to deny the application under section 1321.64 of the Revised Code. (B) A licensee shall give the superintendent of financial institutions sixty days prior written notice before there is a change of fifty per cent or more in the ownership of the licensee. Last updated November 5, 2021 at 4:13 PM
Ohio Rev Code § 1321.643 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.643 | Place of Business; Additional Consumer Installment Loan Licenses; Change of Place of Business or Name.

Effective: September 12, 2017|Latest Legislation:  Senate Bill 24 - 132nd General Assembly|(A)(1) Not more than one place of business shall be maintained under the same license, but the superintendent of financial institutions may issue additional licenses to the same licensee upon compliance with sections 1321.62 to 1321.702 of the Revised Code. (2) Each licensed place of business shall be located in a state. (B)(1) When a licensee wishes to change its place of business, it shall give at least fifteen days prior written notice of the change to the division of financial institutions. The division shall provide a license for the new address without cost. (2) If a licensee changes its name, it shall give written notice of the change to the division prior to making loans under the new name. The division shall provide a license in the new name without cost. (C) Each current license shall be kept conspicuously posted in each place of business of the licensee and is not transferable or assignable. Last updated November 5, 2021 at 4:14 PM
Ohio Rev Code § 1321.644 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.644 | Persons Selling Tangible Goods or Services.

Effective: September 12, 2017|Latest Legislation:  Senate Bill 24 - 132nd General Assembly|No person engaged in the business of selling tangible goods or services related to tangible goods may receive or retain a license under sections 1321.62 to 1321.702 of the Revised Code for such place of business.
Ohio Rev Code § 1321.65 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.65 | Asset Requirements of Consumer Installment Loan Licensee.

Effective: September 12, 2017|Latest Legislation:  Senate Bill 24 - 132nd General Assembly|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
Ohio Rev Code § 1321.661 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.661 | Consumer Installment Loan Licensee Call Reports.

Effective: September 12, 2017|Latest Legislation:  Senate Bill 24 - 132nd General Assembly|(A) Each licensee shall submit to the NMLSR call reports or other reports of condition, which reports shall be in such form and shall contain such information as the NMLSR may require. (B)(1) As required by the superintendent of financial institutions, each licensee shall file with the division of financial institutions an annual report under oath or affirmation, on forms supplied by the division, concerning the business and operation of the licensee for the preceding calendar year. (2) The superintendent shall annually publish an analysis of the information required under division (B)(1) of this section, but the individual reports shall not be public records and shall not be open to public inspection. Last updated November 5, 2021 at 4:20 PM
Ohio Rev Code § 1321.663 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.663 | Consumer Installment Loan Act Investigations - Prohibited Acts.

Effective: September 12, 2017|Latest Legislation:  Senate Bill 24 - 132nd General Assembly|No person, in connection with any examination or investigation conducted by the superintendent of financial institutions under sections 1321.62 to 1321.702 of the Revised Code shall knowingly do any of the following: (A) Circumvent, interfere with, obstruct, or fail to cooperate with the superintendent, including making a false or misleading statement, failing to produce records, or intimidating or suborning any witness; (B) Withhold, abstract, remove, mutilate, destroy, or secrete any books, records, computer records, or other information; (C) Tamper with, alter, or manufacture any evidence. Last updated November 5, 2021 at 4:23 PM
Ohio Rev Code § 1321.664 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.664 | Compliance With Federal Laws and Regulations.

Effective: September 12, 2017|Latest Legislation:  Senate Bill 24 - 132nd General Assembly|In order to reduce the risk of consumer fraud and related harms, including identity theft, licensees shall comply with the provisions of the "Fair and Accurate Credit Transactions Act of 2003," 117 Stat. 1952 (amended 2010), 15 U.S.C. 1681w, as in effect on November 30, 2016, the "Gramm Leach Bliley Act," 113 Stat. 1138 (1999) (amended 2010), 15 U.S.C. 6801, as in effect on November 30, 2016, including those federal acts as amended from time to time and the rules promulgated pursuant to those federal acts, including 16 C.F.R. 682, as in effect November 30, 2016, pertaining to the maintenance, security, and disposal of consumer information and records.
Ohio Rev Code § 1321.665 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.665 | Preservation of Consumer Installment Loan Books and Records Before Ceasing Business.

Effective: September 12, 2017|Latest Legislation:  Senate Bill 24 - 132nd General Assembly|Before ceasing to conduct or discontinuing business as a licensee, the licensee shall arrange for and be responsible for the preservation of the books and records required to be maintained and preserved under sections 1321.62 to 1321.702 of the Revised Code and shall notify the division of financial institutions in writing of the exact address where the books and records will be maintained during the required period. Last updated November 5, 2021 at 4:24 PM
Ohio Rev Code § 1321.666 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.666 | Authority of Superintendent to Enforce Consumer Installment Loan Act.

Effective: September 12, 2017|Latest Legislation:  Senate Bill 24 - 132nd General Assembly|The superintendent of financial institutions may suspend, revoke, or refuse to renew any license issued by the superintendent under sections 1321.62 to 1321.702 of the Revised Code, or bring any other authorized administrative enforcement action in accordance with section 1321.70 of the Revised Code, against any person for failure to maintain records in accordance with section 1321.66 of the Revised Code. Last updated November 5, 2021 at 4:25 PM
Ohio Rev Code § 1321.671 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.671 | Repayment of Consumer Installment Loan.

Effective: September 12, 2017|Latest Legislation:  Senate Bill 24 - 132nd General Assembly|(A) Upon repayment of the loan in full, the original note signed by any obligor or copy, photograph, or stored representation of the original note as retained in accordance with section 1321.66 of the Revised Code shall be plainly marked "paid" or "canceled" and the note or the reproduction of the note shall be returned to the obligor or, if there are two or more obligors, to one of them. (B) If requested, the licensee shall give to the borrower a receipt for each payment made on account of any interest- bearing or precomputed loan. Last updated November 5, 2021 at 5:38 PM
Ohio Rev Code § 1321.672 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.672 | Insurance Obtained on Behalf of Consumer Installment Loan Borrower.

Effective: September 12, 2017|Latest Legislation:  Senate Bill 24 - 132nd General Assembly|(A) When, in connection with a loan, a licensee furnishes or places insurance written on behalf of the borrower at the borrower's expense, a policy or certificate of insurance properly executed shall be furnished to the borrower within fifteen days of the closing date of the loan. The policy or certificate shall state the name of the insurance company, the nature of the insurance, the extent of the coverage, the amount of the premium, and the effective and expiration dates of the policy. (B) If a licensee furnishes or places credit life insurance, credit accident and health insurance, or unemployment insurance on behalf of the borrower at the borrower's expense, the licensee shall give written notice to the borrower at the time the loan is made. The notice shall disclose the borrower's right to cancel the insurance within twenty-five days after the purchase of the insurance with a full refund of the premium or identifiable charge for the insurance. The notice shall further disclose that the cancellation may be effected upon the written request of the borrower together with the return of the policy or certificate of insurance to the licensee. (C) All insurance sold or obtained in connection with the making of a loan shall be governed by Title XXXIX of the Revised Code. (D) In any transaction in which the licensee furnishes or places insurance on behalf of the borrower at the borrower's expense, the licensee shall, prior to furnishing or placing the insurance, provide written disclosure to the borrower of the business relationship, beneficial ownership or affiliation, whether direct or indirect, between the licensee and the insurer. Last updated November 5, 2021 at 4:37 PM
Ohio Rev Code § 1321.673 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.673 | Evading Consumer Installment Loan Requirements.

Effective: September 12, 2017|Latest Legislation:  Senate Bill 24 - 132nd General Assembly|No licensee shall conduct the business of making loans under sections 1321.62 to 1321.702 of the Revised Code in any office, room, or place of business in which any other business is solicited or engaged in, or in association or conjunction with any other such business, if the superintendent of financial institutions finds, pursuant to a hearing conducted in accordance with Chapter 119. of the Revised Code, that the other business is of such a nature that the conduct tends to conceal evasion of sections 1321.62 to 1321.702 of the Revised Code, and orders the licensee in writing to desist from the conduct. Last updated November 5, 2021 at 4:39 PM
Ohio Rev Code § 1321.674 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.674 | Forfeiting Consumer Installment Loan Interest for Interest Rate Violation.

Effective: September 12, 2017|Latest Legislation:  Senate Bill 24 - 132nd General Assembly|(A) Any person that willfully violates section 1321.68 of the Revised Code shall forfeit to the borrower the amount of interest paid by the borrower. The maximum rate of interest applicable to any loan transaction that does not comply with section 1321.68 of the Revised Code shall be the rate that would be applicable in the absence of sections 1321.62 to 1321.702 of the Revised Code. ( B) Any extension of credit under sections 1321.62 to 1321.702 of the Revised Code shall include a notice in at least ten point type at the bottom of the first page of any loan agreement to read: "This loan is governed by, and made pursuant to, the provisions of the Ohio Consumer Installment Loan Act under R.C. 1321.62 - 1321.702." Last updated November 5, 2021 at 4:40 PM
Ohio Rev Code § 1321.701 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.701 | Action by Attorney General, County Prosecutor to Enforce the Consumer Installment Loan Act.

Effective: September 12, 2017|Latest Legislation:  Senate Bill 24 - 132nd General Assembly|(A) The attorney general may directly bring an action to enjoin a violation of sections 1321.62 to 1321.702 of the Revised Code with the same rights, privileges, and powers as those described in section 1345.06 of the Revised Code. The prosecuting attorney of the county in which the action may be brought may bring an action to enjoin a violation of sections 1321.62 to 1321.702 of the Revised Code only if the prosecuting attorney first presents any evidence of the violation to the attorney general and, within a reasonable period of time, the attorney general has not agreed to bring the action. (B) These powers of the attorney general shall be in addition to any other applicable powers of the attorney general. Last updated November 5, 2021 at 4:51 PM
Ohio Rev Code § 1321.702 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.702 | Rules Relating to the Consumer Installment Loan Act.

Effective: September 12, 2017|Latest Legislation:  Senate Bill 24 - 132nd General Assembly|The superintendent of financial institutions may adopt, in accordance with Chapter 119. of the Revised Code, rules that are necessary for the enforcement of sections 1321.62 to 1321.702 of the Revised Code and that are consistent with those sections. Each rule shall contain a reference to the section, division, or paragraph of the Revised Code to which it applies. The superintendent shall send by regular mail to each licensee a copy of each rule that is adopted pursuant to this section. Last updated November 5, 2021 at 4:52 PM
Ohio Rev Code § 1321.71 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1321 | Various Loans|Section 1321.71 | Insurance Premium Finance Company Law Definitions.

Effective: September 26, 1996|Latest Legislation:  Senate Bill 293 - 121st General Assembly|As used in sections 1321.71 to 1321.83 of the Revised Code:(A) "Annual percentage rate" means the ratio of the finance charges, as authorized by sections 1321.79 and 1321.791 of the Revised Code, on a loan to the unpaid principal balance on the loan for any period of time, expressed on an annual basis.(B) "Insurance premium finance company" or "premium finance company" means a person engaged in the business of entering into or otherwise acquiring premium finance agreements.(C) "Person" means any individual, partnership, association, trust, corporation, or other legal entity.(D) "Premium finance agreement" means an agreement by which an insured or prospective insured promises to pay a premium finance company the amount advanced or to be advanced under the agreement to an insurer or to an insurance agent or broker in payment of premiums on an insurance contract together with a finance charge as authorized and limited by sections 1321.71 to 1321.83 of the Revised Code.(E) "License" means a license issued by the division of financial institutions under sections 1321.71 to 1321.83 of the Revised Code.(F) "Licensee" means a premium finance company holding a license.(G) "Superintendent of financial institutions" includes the deputy superintendent for consumer finance as provided in section 1181.21 of the Revised Code. Last updated November 5, 2021 at 4:53 PM