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OH · LOAN-AGMT · Updated July 2026 · Free

Ohio Loan Agreement

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Ohio at a glance: Usury Cap: 8% per year (O.R.C. § 1343.01) · Governing Law: Ohio Revised Statutes Chapter 1343

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Overview

Loan Agreements in Ohio

Ohio caps interest rates on written contracts at 8% per year under Ohio Revised Statutes Section 1343.01.
Key Facts

Ohio Loan Agreement — Quick Reference

RequirementOhio Rule
Usury Cap8% per year (O.R.C. § 1343.01)
Governing LawOhio Revised Statutes Chapter 1343
Legal Requirements

Ohio Legal Requirements

  • Interest rates must not exceed 8% per annum.
Governing Laws

Ohio Governing Laws

O.R.C. § 1343.01
Rate of Interest
Defines interest limits on written contracts.

Read the full text of these laws at Cornell Law School's Ohio legal resources or your state legislature's official website.

Questions & Answers

Ohio Loan Agreement — Frequently Asked Questions

Are loans over $100,000 exempt from Ohio's usury law?

Yes, loans over $100,000 are exempt from standard usury limits.