Ohio Consumer Sales Practices Act: Right to cure bill signed into law impacts lending industry

On April 2, 2012, Governor Kasich signed into law what has been coined the “right to cure” bill (HB 275) to amend the Ohio Consumer Sales Practices Act (CSPA).  The bill permits companies sued under the CSPA to provide a “cure offer.”  According to advocates for HB 275, the bill is in response to the volumes of lawsuits filed in Ohio courts by consumers who could resolve disputes short of trial under this amendment.  For more, read the full article here.

State Regulatory