COLUMBUS – In a success for payday loan providers, the Ohio Supreme Court ruled Wednesday that a two-week loan to an Elyria man that imposed a lot more than 235-percent interest just isn’t forbidden under Ohio’s home loan financing rules.

The court sent Rodney Scott’s case against Ohio Neighborhood Finance, owner of Cashland stores, back to the trial court for further proceedings in a unanimous decision. He might have compensated interest of not as much as $6 if he’d paid right right straight back the mortgage on time, but encountered the larger costs after missing his re re re payment.