Payday Loan in Ohio. Current State Laws.

State: Ohio
Statutory Citation: 1315.35 et seq.
Maximum Loan Amount: $800
Finance Charges: A check-cashing business may contract for and receive interest at a rate of five percent per month or fraction of a month on the unpaid principal. Loan origination fees not exceeding an amount equal to five dollars per $50 of the amount of the loan.