OH SB270

Increases maximum monthly interest rate pawnbrokers may charge from 5% to 6% per month on unpaid principal balances

Increases storage and handling fees from $4 to $6 per month for pledged articles and increases notification fee for forfeiture from $2 to $5

Extends the forfeiture timeline from 2 months to 3 months of non-payment before a pawnbroker can take ownership of pledged property

Reduces required minimum liquid assets for pawnbroker licensure from $125,000 to $75,000 at application and maintains $50,000-$75,000 minimum during license term; increases surety bond requirement from $25,000 to $50,000 as alternative

Modifies continuing education requirements from 12 hours to 8 hours per two-year period and changes the starting date from June 30, 2000 to June 30, 2017