Bill > SB157

This bill reduces the statute of limitations for contract actions in Ohio, specifically shortening the time periods during which legal claims can be filed for different types of contracts. For written contracts and agreements, the statute of limitations would be reduced from six years to three years after the cause of action accrues. For oral or implied contracts, the limitation period would be shortened from four years to two years after the cause of action accrues. The bill maintains the six-year limitation for actions arising from consumer transactions, with the cause of action defined as accruing thirty calendar days after the last charge or payment. These changes would effectively give individuals and businesses less time to file lawsuits related to contractual disputes, potentially encouraging more timely resolution of contract-related legal issues and providing more certainty for parties involved in contracts.

Justice

https://www.legislature.ohio.gov/legislation/136/sb157