payday loan check fraud
Date: Tue, 07/26/2011 - 16:25
in the state of ohio can they get me for check fraud for closing my bank account and opening a new one.
Absolutely not! Ohio Payday Loan Laws State Legal Status Lend
Absolutely not!
Ohio Payday Loan Laws
State Legal Status
Lending of payday loan is considered legal (-Low Cost) in the State of Ohio.
Loan Specifications
- Maximun Amount of Loan - $500
- Term of Loan - 31 days
- Maximum Rate of Finance and Fees- 28% per annum
- Finance Charge on $100 loan for a 14 day period - $1.08
- APR for $100 loan for a 14 day period - 28%
Debt Limits
- Maximum Number of outstanding loans permitted at a time - 1, 4 per year
- Permissible number of Rollovers - None
- Cooling-off Period - Limit of 2 loans in 90 days
- Repayment Plan - Yes, available. 60 days time period. No fees.
Limits of Collection
- Collection Fees - a) Bank charges (if disclosed); b) Collection aharge of $20; c) Court costs arising after default; Damages
- Criminal Action - Prohibited
File your Complaint and get Information
- Regulator - Ohio Division of Financial Institutions
- Address - 77 South High Street, 21st Floor Columbus OH 43215
- Phone - (614) 728-8400
- Regulatory Contact - Robert M. Grieser,, Deputy Superintendent for Consumer Finance
