Key Features. You can repay in full at any time. Various repayment terms available. For loan amounts between 2,000 and 100,000. At a Glance.
Ways to Apply.
The STLA was enacted in its place in 2008 to in part deal with concerns about 5500 personal loan loans. Justice French noted, however, that no loan providers are now registered under the STLA. Instead, lenders making payday loans in the state are mostly registered under the MLA or another loan act.
In its decision, the Ninth District ruled that the General Assembly intended, when it repealed the check-cashing law and passed the STLA, to bar any payday loans. Justice French pointed out that [p]ursuant to R.
1321. 36(A), no person may make a short-term loan to an Ohio borrower without first obtaining an STLA license, but R. 1321. 35(A) defines short-term loan narrowly as a loan made pursuant to the STLA.
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