The protection to the borrower is given by not permitting them to abuse the loan by the following measures:-
• No borrower can make a loan of more than $800 and the maximum loan term is 6 months.
• No borrower can make roll over or extension of the loans.
• No borrower can take a payday loan if they have more than one outstanding loan at a time.

The protection to the lender is given by the following measures:-
• A $10 fee per $100 can be charged in the beginning with an additional 5% monthly interest on the sum borrowed for a total of 6 months.
• The APR is 390% for a 14 day $100 loan at 15%.
• The borrower can charge a check collection fee of not more than $20.
• The finance charge is $15 for a $100 biweekly loan.
• Lenders have a private right of action for recovering their money legally.

Every lender in the state offering Ohio Payday Loans to ensure borrower and lender safety, if you are borrowing be sure to check if they are licensed.