Whitehall Mayor Kim Maggard states she actually is happy a brand new state legislation managing short-term loans will better protect residents, but opponents for the brand brand brand new legislation state it’ll further damage those that depend on such loans.
Ohio Gov. John Kasich finalized Ohio House Bill 123, an adjustment of Ohio’s Short-Term Loan Act, into legislation 29; the law became effective 90 days later, on Oct. 29 july.
Amendments when you look at the law that is new the issuance of loans greater than $1,000 as well as for regards to a lot more than one year, based on the legislation. Read more