The charges for the auto-title loan offered by Ace.

The charges for the auto-title loan offered by Ace.

These charges mirror the storefront cash advance routine, which utilizes the real estate loan Act.

One other means for auto-title lending uses the CSO model described above. One company, LoanMax, an authorized CSO, offers auto-title loans by brokering loans having a party that is third. Their site and application for the loan states: “In Ohio, LoanMax just isn’t a loan provider, but instead a Credit Services Organization to guide you in getting financing from an unaffiliated alternative party. Continue reading “The charges for the auto-title loan offered by Ace.”