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Need a letter template and copy of Ohio law against int. PDL

Date: Tue, 05/13/2008 - 05:00

Submitted by anonymous
on Tue, 05/13/2008 - 05:00

Posts: 202330 Credits: [Donate]

Total Replies: 1


Can anyone post the Ohio law on internet PDLs? Also, does anyone have a template of a letter I may use to dispute a claim from a collection agency regarding a PDL (internet) I've more than paid for.


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

Licensee Database

Complaint Instructions

Complaint Form Link

Online Resources:
Consumer Complaint Contacts (Non-Depository Institu


lrhall41

Submitted by kashzan on Tue, 05/13/2008 - 05:01

( Posts: 5401 | Credits: )