Ohio Adopts Right of Assignment Provisions


It took many years of effort, but Ohio has enacted a new law which gives the right-of-assignment to collection agencies. The Senate Bill 180, signed by Ohio Governor George Voinovich, will permit collection agencies to bring civil actions in their own name for collection of assigned debts. This measure took effect on September 15, 1996.

Under this new law, two or more creditors of a debtor or co-debtor may join their respective claims together in order to begin litigation. The law permits an Ohio collection agency to take an assignment in its name.

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