Exceptions to license requirement.

Exceptions to license requirement.

No individual shall take part in the company of lending cash, credit, or choses for action in levels of five thousand bucks or less, or precise, agreement for, or get, straight or indirectly, on or perhaps in reference to any such loan, any interest and fees that into the aggregate are higher than the interest and fees that the financial institution will be permitted to charge for the loan of income in the event that loan provider are not a licensee, without very first having acquired a permit through the unit of banking institutions under parts 1321.01 to 1321.19 regarding the Revised Code. […]