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Ohio Payday Lender Interest Cap, Referendum 5 (2008)

Contents

  • 1 Election results
  • 2 Text of measure
  • 3 History
  • 4 Help
    • 4.1 Arguments in benefit
  • 5 Opposition
    • 5.1 Arguments against
    • 5.2 Campaign efforts
  • 6 See additionally
  • 7 outside links
  • 8 Footnotes

Ohio Constitution
Preamble
Articles
we • II III that is • VII • VIII • IX • X • XI • XII • XIII • XIV • XV • XVI • XVII • XVIII • XIX • Schedule

The Ohio Payday Lender rate of interest Cap Referendum, also called Referendum 5, ended up being regarding the 4, 2008 ballot in Ohio as a veto referendum, where it was approved november. The measure approved legislation that capped the interest that is maximum payday lenders can charge at 28% while the optimum loan amount at $500. 1

Election results

Ohio Referendum 5 (2008)
outcome Votes Percentage
a Yes 3,396,968 63.61percent
No 1,943,721 36.39%

Text of measure

The language showed up from the ballot as: 2

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