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Alert: The Ohio Supreme Court holds that the loan provider might make short-term

Posted by on August 25, 2020 at 12:38 pm

On June 11, 2014, the Ohio Supreme Court resolved a concern exposed by the Ninth District Court of Appeals of Ohio in 2012: can home loan Act (“MLA”) registrants make single-installment loans? In Ohio Neighborhood Finance, Inc. V. Scott, the Ohio Supreme Court unanimously held that, yes, MLA registrants can make such single-installment loans regardless [...]