Car Title Loans in Ohio2026 Guide
Car title loans are legal in Ohio with interest rates strictly capped at 28% APR under the Short-Term Loan Act (R.C. § 1321.35). Learn 91-day minimum term rules, fee limits, and repossession notices in 2026.
Legal Status & Regulations
Governing Law
Ohio Rev. Code § 1321.35
Last Reviewed: April 2026
Law Summary
Ohio regulates car title loans under the Short-Term Loan Act (Ohio Rev. Code § 1321.35 et seq.), overseen by the Division of Financial Institutions. Interest rates are capped at 28% APR with strictly limited monthly fees. Loan terms must range from 91 days to one year. Lenders must hold an Ohio license, issue full cost disclosures, provide formal notice of intent to sell before repossessing a vehicle, and return surplus equity from sales.
Real Rate Example in Ohio
A $1,500 loan in Ohio at a typical market rate of 28% APR APR over 30 days would result in approximately $150 in interest and fees. Always compare multiple offers to find the most competitive rate.
What Documents You Need
- A clear vehicle title in your name
- A valid government-issued ID (Driver's License)
- Proof of residency (Utility bill, etc.)
- Proof of income or ability to repay
- The vehicle itself for a quick inspection
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Title Loans Union Editorial Team
Loan Regulations & Guides
Our editorial team monitors state statutes, interest rate ceilings, and car title loan regulations across all 50 states. We analyze legal statutes, state regulatory filings, and consumer protection policies to provide clear, unbiased analysis of borrowing requirements and costs.
*Last reviewed: June 2026. Always verify with your state's financial regulatory body before applying. Laws change frequently.
Quick Info Card
Max Loan Amount
Varies
Max APR / Rate
28% APR
Loan Term Range
Varies
Governing Body
OH Division of Financial Institutions