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OH SB256
Bill
Status
11/16/2011
Primary Sponsor
William Coley
Click for details
AI Summary
Bill Summary: S.B. 256
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Establishes a "Right to Cure" process allowing suppliers to offer settlement to consumers within 30 days of being served in a consumer protection lawsuit under Chapter 1345 of the Revised Code.
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Requires cure offers to include: (1) a supplier's remedy consisting of cash, goods, or services with itemized fair market value, and (2) reasonable attorney's fees up to $1,500.
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Gives consumers 30 days to accept or reject the cure offer by filing notice with the court; failure to respond within 30 days is deemed automatic rejection.
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Limits damages if consumer rejects cure offer and later wins judgment: consumer cannot recover treble damages, court costs, or attorney's fees incurred after the cure offer date if awarded damages less than the remedy's value.
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Makes cure offers admissible in court proceedings only for determining eligibility for treble damages and the amount of court costs and attorney's fees; excludes cure offers from liability determinations and other purposes.
Legislative Description
To allow suppliers and consumers to enter into a Right to Cure agreement.
Suppliers & consumers-right to cure agreements
Last Action
To Insurance, Commerce, & Labor
11/16/2011