749.06 MAXIMUM INTEREST ALLOWED.

   No licensee under this chapter shall charge, receive or demand in excess of five percent per month interest on any loan, or discount on any conditional purchase, up to and including the sum of twenty-five dollars ($25.00), or in excess of three percent per month on loans or discounts above the sum of twenty-five dollars ($25.00). In addition to such rates of interest or discount, the licensee may make a total charge for the storage of pledged articles held as security for a loan, a sum not exceeding twenty-five cents (25¢) per month, or fraction thereof and for the storage of cumbersome articles such as furs, clothing trunks or motorcycles, held as security for a loan, a sum not exceeding fifty cents (50¢) per month, or fraction thereof, to be agreed upon in writing between the licensee and the pledgor at the time the loan is made; in instances where the licensee is to forward the pledged article by express or parcel post, he shall be allowed an additional charge of twenty-five cents (25¢). The interest and charges shall not be deducted in advance and interest for the actual number of days shall be computed on unpaid balances, and shall not be compounded, except that such licensee shall have the further right to charge and collect interest or discount at the specified rate for one full month on any loan which is made and repaid within thirty days. In addition to the interest, discount and charges provided for in this section, no further charge shall be made by any licensee. (ORC 4727.06)