Hillyer Supports Business Contract Reform

COLUMBUS — State Rep. Brett Hillyer (R-Uhrichsville) today supported unanimous House passage of Senate Bill 13, legislation that will improve Ohio’s business climate through contract reform.

The bill reduces Ohio’s statute of limitations for written contracts from eight years to six years and oral contracts from six years to four years.

“These changes will give Ohio a competitive advantage over other states,” said Hillyer. “Reducing document retention costs and providing our businesses with more certainty will help unleash our state’s economic potential.”

The bill also contains a fair and open process for debt attorneys and creditor attorneys to understand the rules and regulations for debt collection and debt payoff, as well as a statute of repose for legal malpractice claims.

As Chair of the House Civil Justice Committee, Hillyer played an instrumental role in securing the bill’s passage. He previously introduced similar legislation as House Bill 251 in the 133rd General Assembly.

The bill is supported by a number of statewide business organizations, including the Ohio Chamber of Commerce, National Federation of Independent Businesses, Ohio Manufacturers’ Association, Ohio Bankers League, and more.

S.B. 13 now heads to Governor DeWine for his signature.