Ohio Rev. Code Ann. § 1321.65 – Asset requirements of consumer installment loan licensee

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