A licensee shall maybe perhaps not try to gather from a borrower’s account after two consecutive efforts have unsuccessful, unless the licensee obtains new penned authorization from the debtor to electronically move or withdraw funds through the debtor’s account.
Amended by 132nd General Assembly File No. TBD, HB 123, В§1, eff. 10/29/2018, relevant to loans which are made, or extensions of credit which can be acquired, on or after a romantic date that is 180 times following the effective date with this work.
Refusal, suspension system, or revocation of permit – fines.
(A) The superintendent of finance institutions shall, in respect with Chapter 119. for the Revised Code, suspend or revoke a license granted pursuant to parts 1321.35 to 1321.48 associated with Revised Code, in the event that superintendent determines that either regarding the after relates:
(1) The licensee has neglected to adhere to any purchase released because of the superintendent pursuant to part 1321.43 associated with the Revised Code.
(2) Any reality or condition exists that when it had existed or was recognized to exist during the time of initial or renewal licensure pursuant to parts 1321.35 to 1321.48 regarding the Revised Code, the very fact or condition obviously could have warranted the superintendent to will not issue a permit pursuant to those parts.
(B) The superintendent could make any investigation and conduct any hearing the superintendent considers necessary to ascertain whether anyone has violated parts 1321.35 to 1321.48 associated 
with Revised Code, or any guideline or purchase used or released under area 1321.43 regarding the Revised Code, or has otherwise involved with conduct that will justify the suspension system, revocation, or refusal of an original or permit that is renewal the imposition of a superb.
The superintendent may impose a financial fine of no more than a thousand bucks for every violation that is such.
(C) In making any research or performing any hearing pursuant to the area, the superintendent, or any person designated because of the superintendent, whenever you want may compel by subpoena witnesses, can take depositions of witnesses living minus the state in the manner given to in civil actions, spend any witnesses the charges and mileage for his or her attendance supplied under part 119.094 associated with Revised Code, and administer oaths. The superintendent additionally may compel by purchase or subpoena duces tecum the manufacturing of, and examine, all books that are relevant documents, reports, along with other papers. If somebody will not adhere to a subpoena or subpoena duces tecum, the superintendent may connect with the court of typical pleas of Franklin county for the order compelling the individual to adhere to the subpoena or subpoena duces tecum or, for failure to do so, an purchase to be held in contempt of court.
(D) In connection with any research under this area, the superintendent may register an action when you look at the court of typical pleas of Franklin county or the court of common pleas of this county when the one who may be the topic associated with the investigation resides, or perhaps is participating in or proposing to take part in actions in breach of parts 1321.35 to 1321.48 for the Revised Code, to get an injunction, short-term restraining order, or any other appropriate relief.
Study of licensee’s documents.
As frequently because the superintendent considers it necessary, the superintendent may examine the documents of the licensee, however in any full instance, the superintendent shall examine the documents of the licensee at the least yearly.