House Bill 123
Modify short-term, small, and mortgage loan laws
To amend sections 1321.35, 1321.36, 1321.39, 1321.40, 1321.41, 1321.422, 1321.99, and 4712.99, to enact new section 1321.46 and sections 1321.141, 1321.391, 1321.401, 1321.402, 1321.403, 1321.411, 1321.592, and 4712.071, and to repeal sections 1321.46 and 1321.461 of the Revised Code to modify the Short-Term Loan Act, to specify a minimum loan amount and duration for loans made under the Small Loan Law and General Loan Law, and to limit the authority of credit services organizations to broker extensions of credit for buyers.
Current Version
Effective Date
October 29, 2018
Introduced In House
In House Committee
Reported By Committee
Passed By House
Introduced In Senate
In Senate Committee
Reported By Committee
Passed By Senate
Signed By The Governor
Subjects
Committees
Senate Finance Committee
House Government Accountability and Oversight Committee
Primary Sponsors
J. Kyle Koehler
Michael Asford
Michael Ashford
Cosponsors
Senators
Dave Burke
Jay Hottinger
Peggy Lehner
Gayle Manning
Scott Oelslager
Joseph Schiavoni
Vernon Sykes
Charleta B. Tavares
Cecil Thomas
Kenny Yuko
Representatives
Nickie J. Antonio
John Barnes, Jr.
Janine R. Boyd
Richard D. Brown
Kathleen Clyde
Hearcel F. Craig
Teresa Fedor
Dave Greenspan
Glenn W. Holmes
Stephanie D. Howse
Catherine D. Ingram
David Leland
Michele Lepore-Hagan
P. Scott Lipps
Adam C. Miller
Michael J. O'Brien
John Patterson
Daniel Ramos
John M. Rogers
Scott Ryan
Kirk Schuring
Michael Sheehy
Kent Smith
Ryan Smith
Emilia Strong Sykes
Thomas West
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