As an alternative to the interest permitted in division (A) of section 1321.13 and in division (B) of section 1321.16 of the Revised Code, a licensee may contract for and receive interest at any rate or rates agreed upon or consented to by the parties to the loan contract or open-end loan agreement, but not exceeding an annual percentage rate of twenty-five per cent.
Effective Date: 02-11-1982
Section: Previous 1321.07 1321.08 1321.09 1321.10 1321.11 1321.12 1321.13 1321.131 1321.14 1321.15 1321.16 1321.17 1321.18 1321.19 1321.20 NextLast modified: October 10, 2016