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Ohio Litigation Funding One Month after Passage of the New Ohio Legal Finance Law

It has been almost one month since Ohio Governor Ted Strickland signed new legal finance legislation in Ohio that permitted Ohio citizens to engage in non-recourse civil litigation advance transactions with lawsuit funding companies like Lawsuit Financial. Since then, we have received many requests for Ohio legal funding from Ohio Citizens and we have provided numerous legal cash advances to Ohio litigants. If you are from Ohio or from elsewhere in the United States, and have pending personal injury lawsuit with a retained attorney, Lawsuit Financial is ready to provide legal financial assistance to you and your family. If you do not yet have an attorney, Lawsuit Financial can assist you in locating an attorney who specializes in the type of case you wish to pursue.

Remember, under the new Ohio law:

1. Law suit funding contracts may be canceled by the consumer within five business days without penalty;

2. Legal finance contracts must provide the total dollar advance and a breakdown of fees, including the annualized rate of return, must be clearly disclosed in the contracts;

3. To be valid, the legal financing contract requires written acknowledgment by the attorney representing the consumer in the civil action or claim, specifying that the attorney has reviewed the contract and all case funding costs and fees have been disclosed;

4. For French and Spanish-speaking consumers, litigation funding contracts will be written in their primary language;

5. The lawsuit funding company must agree that it has no right to make any decisions involving the claim and its settlement (this has always been true of legal funding agreements).

Since personal injury cases almost always involve income loss, financial stress can often force the plaintiff to settle too early and too cheap. Lawsuit financing is provided to prevent that from happening. Lawsuit funding is provided completely contingent on the outcome of the case; the money is free if the case resolves without payment to the plaintiff. Lawsuit Financial also provides litigation funding for Auto Accident victims and all other personal injury victims with pending lawsuits. Call us, toll free, at 1-877-377-SUIT (7848), and talk to an experienced legal finance representative for free. Or, visit us on the web at www.lawsuitfinancial.com. We want to be your law suit funding company and we will do everything in our power to earn your business.