HB 105: Revise non-recourse litigation funding agreement regulations

The bill aims to regulate consumer legal funding agreements and commercial litigation financing agreements in Ohio. A consumer legal funding company must register with the attorney general before starting business in the state. The registration process requires providing the company's name, address, and a statement acknowledging that the financiers have read the relevant chapter. Consumer legal funding agreements can only be entered into if they meet specific requirements, including being completely filled-in and including space for the consumer's initials. The agreement must disclose the funded amount, one-time and recurring charges, and the maximum amount that can be assigned to the company. The consumer has the right to cancel the agreement without penalty within ten business days after signing. Commercial litigation financing agreements are also subject to regulation, and the bill a…