Ohio Payday Lender Rate Of Interest Cap

Ohio Payday Lender Rate Of Interest Cap

The Ohio Payday Lender rate of interest Cap Referendum, also called Referendum 5, had been from the 4, 2008 ballot in Ohio as a veto referendum, where it was approved november. The measure approved legislation that capped the interest that is maximum payday lenders may charge at 28% as well as the optimum loan quantity at $500. 1

Election results

Ohio Referendum 5 (2008)
outcome Votes Percentage
a Yes 3,396,968 63.61percent
No 1,943,721 36.39%

Text of measure

The language showed up in the ballot as: 2

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