749.02 LICENSE REQUIRED.

   No person, firm, partnership, association or corporation shall engage, continue or carry on the business of lending money on deposit or pledge of personal property other than securities or printed evidences of indebtedness; in the business of purchasing personal property or choses in action or other valuable thing, and selling or agreeing to sell the same back to the seller at a price other than the original purchase price, at a total charge, rate of interest or discount or other remuneration in excess of eight percent per year; or in the business of purchasing personal property such as articles made of or containing gold, silver, platinum or other precious metals or jewels of any description for the purpose of reducing or smelting them into any form different from their condition or construction when purchased and reselling or marketing the product without first having obtained a license as provided in Ohio R.C. Chapter 4727.

(ORC 4727.01)