Ohio’s brand new payday loan legislation will be here By Melissa Martin There are about 650 payday financing stores in Ohio—that’s 650 way too many in my experience. But search loan providers! A unique loan that is short-term (House Bill 123) is preparing to get in place this thirty days. The reason is always to assist Ohioans stuck in the period of financial obligation whenever loans that are small with fees and interest—making payback difficult.