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First Payday Loans

InfoBytes weblog .The amendments, which just take impact ninety days following the governor’s signature, will “apply and then loans which can be made, or extensions of credit which can be acquired, on or following the date this is certainly [180] times following the date that is effective of act.”

On July 30, Ohio’s governor finalized into legislation HB 123, which “modifies the Short-Term Loan Act, specifies a minimum loan quantity and timeframe for loans made beneath the Small Loan Law and General Loan Law, and limits the authority of credit solutions businesses to broker extensions of credit for purchasers.” Under these amendments, payday loan […]


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