Section 4727.14 | Exemptions.
Effective: April 5, 2001 Latest Legislation: House Bill 467 – 123rd General Assembly This chapter does not apply to federally insured depository institutions such as a state or federally chartered bank, savings and loan association, or credit union.
Section 4727.031 | Effect of Child Support Default on License.
Effective: March 22, 2001 Latest Legislation: Senate Bill 180 – 123rd General Assembly On receipt of a notice pursuant to section 3123.43 of the Revised Code, the division of consumer finance shall comply with sections 3123.41 to 3123.50 of the Revised Code and any applicable rules adopted under section 3123.63 of the Revised Code with […]
Section 4727.04 | Application for License – Posting License.
Effective: May 6, 2005 Latest Legislation: Senate Bill 209 – 125th General Assembly (A) An application for a pawnbroker’s license shall state fully the name and address of the applicant and of every member, partner, stockholder, or owner of an applicant, and the location of the office or place of business in which the business […]
Section 4727.05 | Conduct of Investigations.
Effective: April 5, 2001 Latest Legislation: House Bill 467 – 123rd General Assembly The superintendent of financial institutions shall, either personally, or by such person as the superintendent may appoint for the purpose, at least once every eighteen months, and more often if deemed advisable, investigate the business of every person licensed as a pawnbroker, […]
Section 4727.06 | Interest Charges.
Effective: March 28, 2017 Latest Legislation: Senate Bill 235 – 131st General Assembly (A) No pawnbroker shall charge, receive, or demand interest for any loan in excess of six per cent per month or fraction of a month on the unpaid principal. Interest shall be computed on a monthly basis on the amount of the […]
Section 4727.07 | Statement to Seller or Pledgor.
Effective: September 17, 1996 Latest Legislation: House Bill 353 – 121st General Assembly Every pawnbroker shall give to the pledgor or seller a statement upon which shall be legibly written in ink, printed, or typed, the name and address of the licensee making the loan or purchase, the amount of the loan or purchase price, […]
Section 4727.08 | Maintenance and Use of Pawn and Purchase Forms.
Effective: April 5, 2001 Latest Legislation: House Bill 467 – 123rd General Assembly (A) Every person licensed as a pawnbroker shall keep and use separate pawn forms and purchase forms to be approved by the superintendent of financial institutions. (B) The licensee shall record on the appropriate form for each pawn or purchase all of […]
Section 4727.09 | Furnishing Information to Police Chief or Sheriff.
Effective: April 5, 2001 Latest Legislation: House Bill 467 – 123rd General Assembly (A) A person licensed as a pawnbroker shall, every day, furnish the following information to the chief of police of the municipal corporation or township in which the licensee’s place of business is located or, if the place of business is not […]
Section 4727.10 | Prohibited Transactions.
Effective: March 28, 2017 Latest Legislation: Senate Bill 235 – 131st General Assembly (A) No person licensed as a pawnbroker shall recklessly receive any pledge or purchase any articles from any minor or from any person who is at the time intoxicated or under the influence of a controlled substance. (B) No person licensed as […]
Section 4727.11 | Redemption, Forfeiture of Pawned Property.
Effective: March 28, 2017 Latest Legislation: Senate Bill 235 – 131st General Assembly (A) If a pledgor fails to pay interest and fees to a person licensed as a pawnbroker on a pawn loan for three months from the date of the loan or the date on which the last interest payment is due, the […]