SB 456·OH·senate
Make various changes to the consumer installment loan law
In CommitteeFiled Jun 8, 2026
Sponsor: George Lang (R)
Latest Action
Refer to Committee
Jun 10, 2026
Summary
The bill amends several sections of the Ohio Revised Code that govern small consumer installment loans (generally $5,000 or less). It requires lenders to obtain a state license, restricts certain fees and loan terms, bans misleading advertising, and imposes detailed electronic record‑keeping and enforcement provisions. The changes aim to protect borrowers from predatory practices while giving regulators clearer oversight tools.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
Track this bill
Get an email when SB 456 moves: committee action, floor votes, amendments and hearings. Free, no card.
Track SB 456 freeOr ask your AI assistant about SB 456 directly:
Add to Claude, ChatGPT or Cursor