No licensee shall do any of the following:
(A) Violate part 1321.36 associated with Revised Code;
(B) Make that loan that doesn’t conform to area 1321.39 for the Revised Code;
(C) Charge, gather, or get, straight or indirectly, credit insurance fees, prices for any ancillary product offered, or any extra costs, interest, or charges associated with a loan, apart from charges and costs permitted by part 1321.40 associated with Revised Code ;
(D) Collect treble damages pursuant to unit (A)(1)(b)(ii) of part 2307.61 for the Revised Code relating to any civil action to gather that loan after having a default because of a check, negotiable purchase of withdrawal, share draft, or any other negotiable tool which was came back or dishonored for inadequate funds;
(E) Except as otherwise supplied in part 1321.401 regarding the Revised Code, make a short-term loan to a debtor if there is a superb loan between that debtor and some of the after:
(2) someone pertaining to the licensee by typical ownership or control;
(3) Any worker or representative of this licensee.
(F) Bring or threaten to bring an action or grievance from the debtor for the debtor’s failure to adhere to the regards to the mortgage contract solely because of the check, negotiable order of withdrawal, share draft, or instrument that is negotiable came back or dishonored for inadequate funds. absolutely Nothing herein forbids such conduct, action, or problem in the event that debtor has deliberately involved in fraudulence by, including not limited to, shutting or utilizing any shut or false account to evade re re payment;
Require the debtor to waive the debtor’s directly to legal recourse under any otherwise relevant supply of state or law that is federal
(H) Accept the title or registration of a car, genuine home, real assets, or other security as protection for the responsibility;
(we) participate in any unit or subterfuge to evade certain requirements of parts 1321.35 to 1321.48 associated with the Revised Code including assisting a debtor to have a loan on terms that could be forbidden by parts 1321.35 to 1321.48 associated with Revised Code, making loans disguised as individual home product sales and leaseback transactions, or loan that is disguising as money rebates when it comes to pretextual installment purchase of products or services;
Assess or charge a debtor a payment for prepaying the mortgage in full before the readiness date;
(K) Fail to adhere to area 1321.45 associated with Revised Code;
(L) suggest up to a borrower that the debtor get financing for a buck quantity that is greater than the debtor has required;
(M) Draft funds electronically from any depository lender in this state without written approval for the debtor. Absolutely Nothing in this unit shall prohibit the transformation of the instrument that is negotiable an electric type for processing through the automated clearing home system.
(N) Make, publish, or otherwise disseminate, directly or indirectly, any misleading or false ad, or participate in any kind of misleading trade training;
(O) provide any motivation to a debtor in return for the borrower taking out fully numerous loans over any time period, or offer a short-term loan at no cost or at a discounted fee as settlement for almost any previous or business that is future
(P) Present a check, negotiable purchase of withdrawal, share draft, or any other negotiable tool, that happens to be previously presented by the licensee and later returned or dishonored for just about any explanation, without prior written approval through the borrower;
(Q) replace the check quantity, or in any kind of method alter a check, negotiable purchase of withdrawal, or share draft, just before publishing check that is such negotiable order of withdrawal, or share draft for processing through the automatic clearing household system, or submit false details about any check, negotiable purchase of withdrawal, or share draft towards the automatic clearing household system;