Any licensee or other one who willfully violates part 1321.13 associated with the Revised Code shall forfeit to your debtor twice the total amount of interest contracted for. The rate that is maximum of relevant to your loan deal that doesn’t conform to all conditions of part 1321.13 associated with Revised Code shall function as price that might be relevant when you look at the lack of parts 1321.01 to 1321.19 for the Revised Code.
No licensee shall pledge or hypothecate any note or protection distributed by any debtor except with a person living or maintaining bar or nightclub in this state or with a bank authorized to transact company in this state, under an understanding allowing the unit of banking institutions to look at the documents therefore hypothecated.
The tender because of the debtor, or during the debtor’s demand, of a quantity corresponding to the unpaid stability less the mandatory rebate on a precomputed loan will be accepted because of the licensee in complete re re re payment for the loan responsibility.
A licensee shall perhaps maybe not, straight or indirectly, make any re payment, or reason enough to be made any payment, whether in money or else, to a dealer in concrete items or services, or even to a retail seller as defined in area 1317.01 for the Revised Code, associated with the creating of that loan to a person, patron, or other one who has been doing, or perhaps is doing, company using the dealer in concrete items or solutions, or perhaps the retail vendor.