Bill To Amend Ohio Small Loan Act Introduced

Ohio S.B. No. 269 to amend the Ohio Small Loan Act (“SLA”) was introduced in the Ohio General Assembly and had its first hearing before the Senate Financial Institutions, Insurance and Technology Committee October 14, 2025. S.B. No. 269 changes the “or” to an “and” in the trigger for licensing under the SLA, making licensing applicable to those lending in amounts of $5,000 or less and charging greater interest and charges than otherwise permitted….
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