Ohio Interest Rates Laws
More Information on Interest Rate Laws
| Legal Maximum Rate of Interest | 8% (§1343.01) |
| Penalty for Usury (Unlawful Interest Rate) | Excess interest applied to principal (§1343.04) |
| Interest Rates on Judgments | Contract rate (§1343.02), otherwise 10% (§1343.03) |
| Exceptions | Amount exceeds $100,000; broker/dealer registered; secured by mortgage or deed of trust; business loan (§1343.01) |
Note: State laws are constantly changing -- contact an attorney or conduct your own legal research to verify the state law(s) you are researching.
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