Ohio Code 1321.65 – Asset requirements of consumer installment loan licensee
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Each licensee that conducts business under sections 1321.62 to 1321.702 of the Revised Code shall maintain both of the following:
Terms Used In Ohio Code 1321.65
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
(A) A net worth of at least fifty thousand dollars;
(B) For each license, assets of at least fifty thousand dollars either in use or readily available for use in the conduct of the business.
Last updated November 5, 2021 at 4:15 PM