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 Posted: Sat Dec 01, 2007 6:25 pm Subject: PDL caps
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Does anyone know what the limits are for the State of Ohio/
_________________
Thanks, Trish
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hargispa
Joined: 01 Dec 2007
Posts: 15
Debtcc Points: 478
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Posted: Sat Dec 01, 2007 6:26 pm Subject:
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| Quote: | Ohio State Information
Legal Status: Legal (Applies to check cashers only)
Citation:
Ohio Rev. Code Ann. §§ 1315.35 et seq.
Loan Terms:
Maximum Loan Amount: $800
Loan Term: Max: 6 months
Maximum Finance Rate and Fees: $10/$100 + 5% per month
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot refinance)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: Bank charges (if disclosed); $20 collection charge; Court Costs; damages
Criminal Action: Not Specified
Where to Complain, Get Information:
Regulator: 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
Regulator Website
http://www.com.state.oh.us/dfi/
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5458
Debtcc Points: 38911
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Posted: Sat Dec 01, 2007 6:29 pm Subject:
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hey, you Rock girl, you know a lot about this stuff don't you? So it really looks like they can't do a whole lot, cause according to this news, they all screwed me....
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hargispa
Joined: 01 Dec 2007
Posts: 15
Debtcc Points: 478
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Posted: Sat Dec 01, 2007 6:30 pm Subject:
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You got it.Please do not consolidate and pay any more to these crooks. You are Morally obligated to pay what you have borrowed,Your loans are all internet correct?It does make a difference
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5458
Debtcc Points: 38911
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