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Ohio Interest Rates Laws

More Information on Interest Rate Laws

Legal Maximum Rate of Interest8% (§1343.01)
Penalty for Usury (Unlawful Interest Rate)Excess interest applied to principal (§1343.04)
Interest Rates on JudgmentsContract rate (§1343.02), otherwise 10% (§1343.03)
ExceptionsAmount 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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