In respect with Chapter 119. associated with Revised Code:

(A) The unit of banking institutions may follow rules additionally the superintendent of finance institutions may issue particular sales for the enforcement of parts 1321.01 to 1321.19 associated with the Revised Code. Every ruling, need, requirement, and comparable act that is administrative be in the shape of a written purchase. Every guideline and purchase will probably be a record that is public. After promulgation, a duplicate of each and every guideline will be mailed to any or all licensees.

(B) The unit may, whenever this has reasonable cause to think that anybody has violated, is violating, or perhaps is threatening to or promises to break parts 1321.01 to 1321.19 regarding the Revised Code, enter an purchase needing the person to desist or even refrain from such breach; and an action can be brought in the connection associated with superintendent to enjoin anyone from continuing or participating in such breach or from doing any acts in furtherance thereof. Such action will be carried out beneath the way and guidance of this attorney general. In almost any such action, an order or judgment could be entered awarding such initial or last injunction as is considered proper. The court in which such action is brought may impound and appoint a receiver for the property and business of the defendants including books, papers, documents, and records pertaining thereto or so much thereof as the court finds reasonably necessary to prevent further violations of sections 1321.01 to 1321.19 of the Revised Code, through or by means of the use of said property and business in addition to all other means provided for the enforcement of a restraining order or injunction. Such receiver, whenever appointed and qualified, has such capabilities and duties as to custody, collection, management, winding up, and liquidation regarding the home and company since could be conferred upon the receiver by the court.

(C) Upon application of every individual, the division may certify, beneath the seal for the superintendent, a declaration in accordance with any matter this is the topic of general public assessment and disclosure. The unit may likewise furnish underneath the seal of this superintendent a copy that is certified of purchase released by the unit, as well as in any court such certified statements and such certified copies are prima-facie proof of the facts disclosed therein or for the generating of such purchase.

Prohibited statements and representations.

No licensee or other individual susceptible to parts 1321.01 to 1321.19 associated with the Revised Code shall advertise, show, distribute, or broadcast or cause or allow to be promoted, shown, distributed, or broadcast, any false, deceptive, or misleading declaration or representation pertaining to the prices, terms, or conditions for loans made under those parts. The unit of finance institutions shall require that costs or rates of cost, whenever stated by way of a licensee, fully be stated and demonstrably this kind of way as could be deemed required to avoid misunderstanding thereof by potential borrowers.

Licensee prohibited from particular functions.

No licensee shall conduct the company of earning loans under parts 1321.01 to 1321.19 for the Revised Code, within any workplace, space, or bar or nightclub by which virtually any company is solicited or involved in, or perhaps in relationship or conjunction therewith, in the event that unit of finance institutions discovers, after hearing, that one other company is of these nature that such conduct has a tendency to conceal evasion of the parts or associated with guidelines made under those sections and instructions the licensee on paper to desist from the conduct.

No licensee shall conduct the continuing company of earning loans under parts 1321.01 to 1321.19 associated with Revised Code, under every other title, or at just about any bar or nightclub through this state than that named when you look at the permit.

No licensee shall have a lien upon real-estate as protection for almost any loan made under those sections except such lien as is developed upon the filing or recording of a certification of judgment.