Know Before You Borrow in Ohio
- Interest rate cap: 25% per year
- Loan range: $2,500 to $15,000 (typical; no state maximum)
- Repayment term: Minimum 6 months; no maximum; fixed monthly installments
- Regulated by: Ohio Department of Commerce – Division of Financial Institutions (DFI)
For complete Ohio title loan regulations and consumer protections, visit our full Ohio guide.
Quick Answers About Title Loans in Cleveland
Yes, Ohio permits car title loans. They are governed by the Consumer Installment Loan Act (CILA), ORC §§ 1321.62 to 1321.702. The Ohio DFI licenses and oversees title lenders, enforcing rate caps under ORC § 1321.68 and other consumer protections.
After full repayment, the lender must release the lien and notify the Ohio BMV. Once released, your title is clear and fully yours again. If you need a new printed title, contact the Ohio BMV at bmv.ohio.gov for the applicable fee and processing time.