STATE PRODUCT DISCLOSURE
MVP Cash Advance publishes only the state/product role supported by current operating and legal records. The agreement presented for a specific transaction identifies the responsible legal provider, amount, charges, payment dates and rights. This disclosure does not create an approval or replace the agreement.
Ohio’s Short-Term Loan Act uses an installment-style structure rather than a next-payday balloon payment. The decision view shows payment count, payment size, total repayment and permitted charges before continuation.
Short-Term Loan Act installment-style product
An Ohio short-term product only under the current licensed Short-Term Loan Act structure and current agreement.
Ohio Division of Financial Institutions
August 22, 2026 • Natalie Randrup
| Topic | Current disclosure |
|---|---|
| Maximum loan | $1,000 under ORC § 1321.39. |
| Term | Generally 91 days to one year; a shorter term is permitted only under the statutory income-based payment exception. |
| Interest | Up to 28% per annum. |
| Maintenance fee | Generally the lesser of 10% of the originally contracted loan amount or $30 per month, subject to statutory exceptions. |
| Origination charge | For an originally contracted loan amount of $500 or more, a 2% origination charge is permitted under ORC § 1321.40. |
| Prepayment | Ohio provides prorated refund rules for interest, maintenance fees and other charges when a loan is prepaid or refinanced before maturity. |
Before you continue, the state checker shows payment count, payment size, total repayment and the monthly-fee effect. For a term shorter than 91 days, the statutory income/payment exception is tested first.
MVP Cash Advance publishes only the state/product role supported by current operating and legal records. The agreement presented for a specific transaction identifies the responsible legal provider, amount, charges, payment dates and rights. This disclosure does not create an approval or replace the agreement.
Ohio Division of Financial Institutions: View source →
Return to /locations/ohio/ for the commercial product experience and calculator.
Ohio Revised Code § 1321.39: View source →
Ohio Revised Code § 1321.40: View source →
Ohio Revised Code § 1321.402 — prepayment/refunds: View source →
Last reviewed: August 22, 2026. Reviewed by Natalie Randrup — Lending Compliance & Documentation Reviewer. Re-check when law, product, privacy, messaging or location operations materially change.
I was surprised by how straightforward the process felt. Funding was not as fast as I hoped, but it did show up. For an online process, it felt pretty human and not like I was just clicking into a black box.
This was my second time using an online loan service and this went much smoother. This helped me cover a utility bill without having to move three other bills around. I still read the repayment details carefully, but there were no surprises for me.
I had an unexpected expense come up and this was simple to work through. I’ve used a similar service before, so I knew what to watch for, and this one felt less confusing. I appreciated that I could stop and review things before moving on.
The process worked for me and I’d call it pretty straightforward. The online steps didn’t take long and I wasn’t stuck waiting around all day. I’d use it again if I really needed to, but I’d still compare the total cost first.
I was surprised by how straightforward the process felt. The price is higher than a regular bank loan, so paying it down faster matters. The main thing for me was that I understood the next step and didn’t feel rushed.
Keep your amount, state and repayment preference in view as you continue through MVP Cash Advance.
