OH SB117

Creates a new regulatory framework (Chapter 1320 of the Revised Code) requiring earned wage access providers to obtain a certificate of registration from the Ohio Division of Financial Institutions, with a $300 annual registration fee and $200 investigation fee

Requires providers to offer consumers at least one no-cost option to access earned wages, fully disclose all fees before entering agreements, and allow cancellation at any time without penalty

Prohibits providers from charging late fees, interest, or penalties for nonpayment; using credit scores to determine eligibility; reporting unpaid amounts to credit bureaus or debt collectors; or pursuing collection through courts or third parties

Mandates that tips, gratuities, and donations must be clearly disclosed as voluntary and cannot affect a consumer's access to services; providers must reimburse consumers for any overdraft fees caused by provider errors

Classifies earned wage access services as distinct from loans, credit, or money transmission, exempting compliant providers from existing consumer lending regulations under Chapters 1315, 1319, and 1321 of the Revised Code