Ohio2026Passed Legislature
HB105
New Rules for Legal Funding Agreements
Last scannedAug 25, 2026, 4:32 AM
In one sentence
This law creates new rules and registration requirements for companies that give money to people involved in lawsuits.
What it does
- Requires funding companies to register with the Attorney General before doing business in Ohio.
- Defines specific terms like 'consumer legal funding agreement' and 'commercial litigation financier'.
- Mandates that all agreements must be completely filled out when presented for signature.
- Requires contracts to list every fee, charge, and how those costs grow on the front page.
Who it affects
- Companies that provide money for legal claims in exchange for a share of future settlements.
- Ohio residents who have pending lawsuits and seek outside funding.
- The Ohio Attorney General, who must create the registration process.
Limits and unknowns
- The provided text cuts off before listing all required disclosures on the front page of agreements.
- Specific penalties for breaking these rules are not described in this excerpt.
Plain language
Terms to know
- Consumer legal funding agreement
- A deal where a company buys a share of potential lawsuit money from a person and gets paid only if they win or settle.
- Charges
- The extra amount the consumer must pay, including interest and fees, on top of the original funded amount.
- Commercial litigation financier
- A person or business that provides funding for lawsuits involving companies or groups rather than individual consumers.
Official record
Sources
Official summary
Revise non-recourse litigation funding agreement regulations
Official activity
Bill history
- As Introduced