SOUTH POINT, Ohio (WSAZ) -- Just as Ohio's Issue 6 has baffled many state voters, Issue 5 has caused some confusion of its own.
Essentially, Issue 5 is a referendum on the state's payday lending law, specifically Section 3 which sets loan rates and terms.
Here's how it breaks down: voting yes would put the new law fully into effect and would cap interest rates at 28 percent per year, limit borrowers to a maximum of four $500 loans per year and give borrowers at least 30 days to repay the loan.
A no vote would overturn that section of the law and allow payday lenders to continue charging $15 per $100 borrowed for two weeks -- which works out to 391 percent annual interest. They also would be permitted to make loans up to $800 maximum with no minimum time for repayment.
Voters we spoke with said they found the language a little confusing.