The loophole allows style that is payday to continue as interest bearing home mortgages A present option by the Ohio Supreme Court scored a success for payday lenders, permitting them to make high interest, short term installment loans. The court unanimously ruled that pay day loan providers may carry on exploiting a loophole in times legislation, 2008’s Short Term Lender Act, which limits interest and fees to 28 percent or less, imposed a $500 optimum loan restriction and sets ab…