OH SB269

Amends Ohio's Small Loan Act (sections 1321.02, 1321.07, and 1321.141) to clarify licensing requirements for lenders making loans of $5,000 or less

Exempts loans made or credit extended by already-exempt entities (banks, credit unions, savings and loan associations, etc.) from Small Loan Act requirements, including persons who solicit, arrange, or broker loans for those exempt entities

Clarifies that licensees are prohibited from making loans of $1,000 or less OR loans with duration of one year or less under the Small Loan Act

Prohibits licensees from helping borrowers evade loan restrictions by assisting them in obtaining prohibited loans from other licensees or persons required to be licensed

Provides that any loan contract made in violation of these provisions is void, with the lender having no right to collect principal, interest, or charges