Ohio (OH) Lawsuit Loans

Updated on 6/9/2021

This article helps plaintiffs and attorneys alike learn more about lawsuit loans in Ohio. Below you will find the following information:

Lawsuit funding laws, regulation and relevant ethics opinions in Ohio

Ohio state law now regulates lawsuit loans in the state, requiring specific items be included in contracts (see below). The Board of Commissioners on Grievances & Discipline in Ohio issued a formal opinion on pre-settlement loans in 2012 affirming that lawyers are allowed to assist clients in these transactions. Ohio attorneys themselves may not lend to their clients. Most legal funding companies service the state of Ohio.

Laws regarding lawsuit loans in Ohio

Ohio regulates lawsuit loans in the state. The Ohio statute 1349.55 Non-recourse civil litigation advance contracts requires specific disclosures and transparency with lawsuit lending contracts in the state. As in many other states, legal funding contracts must allow for a 5 day right to cancellation. Contracts must also include language indicating the funding company is not allowed to make decisions regarding the case.
Source: 1349.55 Non-recourse civil litigation advance contracts.

Can a lawyer lend money to a client in Ohio?

In Ohio lawyers cannot give loans to clients. They can however, cover the court costs or advance them until the end of the case.
Source: Ohio Rules of Professional Conduct Rule 1.8(e)

Can attorneys help clients receive lawsuit loans in Ohio?

In Ohio, a lawyer can inform clients about the availability of pre-settlement loans. Lawyers may participate in legal funding agreements as long as they do not breach other ethical
Source: The Supreme Court of Ohio Board of Commissioners on Grievances & Discipline Opinion 2012-3

Lawsuit loan companies serving Ohio

Recommended lawsuit loan companies funding Ohio residents

US Claims Logo

US Claims offers some of the lowest, non-compounding rates in the industry. Many companies claim to offer “the lowest rates in the industry” – we recommend comparing them against an offer from US Claims. to see for yourself.

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Thrivest Link Legal Funding Logo

Thrivest Link Legal Funding offers fair terms with a fast, efficient funding process. Many companies claim to offer same-day or 24-hour lawsuit loans but Thrivest Link Legal Funding often actually makes it happen.

View Thrivest Link Legal Funding’s profile

Lawsuit loan companies located in Ohio

Compare Lawsuit Loans does not currently cover any local lawsuit lending companies in Ohio. Local funding companies interested in being included on this page may contact us at [email protected]

Other pre-settlement lawsuit loan companies serving Ohio residents