Ohio Loans: What you need to know

An employer that lends money to an employee may deduct loan payments from the employee's pay as long as the employee has authorized the deduction in writing (OH Stat. Sec. 4113.15.
For purposes of determining if an employee's basic hourly pay rate is at least the prevailing wage, deductions of loan payments to the employer may be included without state approval if:
• The employer does not make a profit or benefits directly or indirectly from the deduction;
• The deduction is either voluntarily consented to by the employee in writing before the period in which the work is to be done, and the prior consent is not a condition for obtaining or continuing employment or is provided for in a bona fide collective bargaining agreement; and
• The deduction serves the convenience and interest of the employee, his family, or beneficiaries. (OH Admin. Code Sec. 4101:9-4-07).

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