A licensee may refinance a short-term loan provided that all of the following apply to the refinanced loan:
- (A) The loan is a short-term loan.
- (B) Interest on the loan does not exceed a rate of twenty-eight per cent per annum.
- (C) The licensee does not charge, collect, or receive the monthly maintenance fee described in division (B) of section 1321.40 of the Revised Code.
Last updated November 4, 2021 at 4:08 PM