Every pawnbroker shall give to the pledgor or seller a statement upon which shall be legibly written in ink, printed or typed the name and address of the licensee making the loan or purchase, the amount of the loan or purchase price, the rate of interest, the time and date when the loan is made or goods sold and the date when payable; and shall also give the pledgor a receipt for each payment of principal, storage charge or interest. All moneys received for any loan shall first be applied to any interest and storage charge on a loan, and any remaining moneys shall then be applied to the amount of unpaid principal of the loan existing on the date on which the moneys are received. The statement shall also contain a full and accurate description of the articles pledged or sold, including any serial and model numbers or identifying marks thereon. In the case of pawn loans, the statement shall contain a full disclosure of all charges for storage, and on the back of the receipt shall be printed in type a copy of § 856.04 or Ohio R.C. 4727.06. Included in the notice on the back of the receipt shall be a statement disclosing the maximum annual percentage rate allowable by law. The licensee shall retain for two years from the date of the last entry of the loan or purchase account a copy of the statement. Every statement shall be numbered and maintained consecutively, commencing with the number one, but the licensee may maintain statements in an active and inactive file.
(ORC 4727.07)