Ohio Code § 2323.585

§ 2323.585.

(A) No payee who proposes to make a transfer of structured settlement payment rights

shall incur any penalty, forfeit any application fee or other payment, or otherwise

incur any liability to the proposed transferee or any assignee based on a failure

of the transfer to comply with any of the requirements of sections 2323.581 to 2323.584 of the Revised Code . (B) No provision of this section or section 2323.581 , 2323.582 , 2323.583 , or 2323.584 of the Revised Code may be waived by any payee. (C) No provision of this section or section 2323.581 , 2323.582 , 2323.583 , or 2323.584 of the Revised Code authorizes any transfer of structured settlement payment rights in contravention

of applicable law or implies that any transfer under a transfer agreement that was

entered into prior to the effective date of this amendment is valid or invalid. (D) Any transfer agreement entered into on or after the effective date of this amendment

by a payee who resides in this state shall provide that disputes under the transfer

agreement, including any claim that the payee has breached the agreement, are to be

determined in and under the laws of this state.  No such transfer agreement shall authorize the transferee or any other party to

confess judgment or consent to entry of judgment against the payee. (E) No transfer of structured settlement payment rights shall extend to any payments

that are life-contingent unless, prior to the date on which the payee signs the transfer

agreement, the transferee has established and has agreed to maintain procedures reasonably

satisfactory to the annuity issuer and the structured settlement obligor for both

of the following: (1) Periodically confirming the payee's survival; (2) Giving the annuity issuer and the structured settlement obligor prompt written notice

in the event of the payee's death. (F) If the payee cancels a transfer agreement, or if the transfer agreement otherwise

terminates, after an application for approval of a transfer of structured settlement

payment rights has been filed and before it has been granted or denied, the transferee

shall promptly request dismissal of the application.