Ohio Administrative Code
Title 1301:8 - Division of Financial Institutions: Consumer Finance
Chapter 1301:8-10 - Rules Relating to Credit Counseling Services
Section 1301:8-10-01 - Criteria for qualifying to provide counseling services

(A) Counseling services meeting the following criteria are authorized by the superintendent of financial institutions to provide prepurchase counseling to consumers as may be required by section 1349.27 of the Revised Code:

(B) A counseling service that meets the requirements in paragraph (A) of this rule shall not provide prepurchase counseling in the same transaction in which it directly or indirectly makes or brokers a covered loan regardless of whether it does so as a registrant or pursuant to any exemption in Chapters 1321. and 1322. of the Revised Code, including, but not limited to, the nonprofit organization exemption.

(C) All authorized counseling services shall register and maintain registration to conduct business in Ohio with the Ohio secretary of state and shall comply with any applicable requirement of sections 4712.01 to 4712.14 of the Revised Code (the credit services organization act) and sections 4710.01 to 4710.04 of the Revised Code (the debt adjusting act). Notwithstanding the foregoing, nothing herein shall affect the authority of a court in this state from enjoining a person or entity from providing these services where such remedy is appropriate under law or equity.

Replaces: 1301:8-10-01