(H) “Collecting” and “collected” means the servicing of that loan or receipt of re re payments from the debtor for a financial loan made pursuant to sections 1321.62 to 1321.702 for the Revised Code.
(I) “Consumer report” and “customer reporting agency” have actually the meanings that are same in the “Fair credit scoring Act.” 84 Stat. 1128. 15 U.S.C. 1681a. as amended.
(J) “Control individual” means somebody who, when you look at the dedication associated with superintendent of finance institutions, has got the authority to direct and get a handle on the operations for the applicant.
(K) “Depository organization” gets the exact same meaning like in part 3 regarding the “Federal Deposit Insurance Act.” 64 Stat. 873. 12 U.S.C. 1813. and includes any credit union.
(L) “Direct mail” means that loan arranged via a software through the mail or internet in which the loan profits lendup loans loans are delivered through the mail or electronic transmission towards the advantage of a debtor. That loan just isn’t produced by “direct mail” if it’s facilitated by face-to-face, personal contact in this state between your loan provider, loan provider’s worker or representative, or loan provider’s lawyer therefore the debtor or debtor’s representative.
(M) “Federal banking agency” means the board of governors of this federal book system, the comptroller of this money, the national credit union management, therefore the deposit insurance corporation that is federal.
(letter) “Final entry on that loan” means, as to a specific loan provider, the latter for the date the mortgage is compensated in full, deemed uncollectible, assigned to some other licensee or exempt entity and all sorts of documents are used in the newest loan provider, or released or else settled by the purchase terminating litigation regulating the mortgage deal.