General Info:
Get The Facts, it’s the Law!
Ohio consumer laws and statues regulate title loan lenders. Under Chapter 537, you and the lender must sign a written agreement before you get your loan. Be sure to read and understand the agreement before you sign. It must say how much you are borrowing (called the “amount financedâ€) and what the interest rate will be.
The loan agreement must also explain that if you do not repay the loan the lender can take possession of your vehicle, sell it and keep the proceeds up to the amount you owe along with any reasonable expenses to cover the repossession and sale. Also, the lender must notify you if he intends to repossess your vehicle and you will have the chance to arrange to hand it over instead of having a repossession agent come to get it. You must have a chance to remove any personal property you have in the vehicle.
In addition, up until the time the car is sold, you still can get it back if you pay back your loan and any reasonable expenses. The lender has to tell you 10 days in advance of the time and place of the sale and give you an accounting of what is owed. If you decide to take out a title loan, you should ask the lender what his policies are on notifying you in advance of a repossession or a sale, and on whether you might be able to get your car back before it is sold and for what charges.
Remember that Vero Lending is here to work with you and provide you a safe and fast Ohio Car Title Loan. Unlike other lenders, we want you to know your rights and understand the entire process.
Ohio Auto Title Loan Locations
Vero Lending Ohio Branch provides secure and quick Auto Title Loans throughout the following major sites and surrounding counties:
Columbus, Ohio
Cleveland, Ohio
Cincinnati, Ohio
Toledo, Ohio
Akron, Ohio
Dayton, Ohio
Parma, Ohio
Canton, Ohio
Youngstown, Ohio
Lorain, Ohio