The Ohio Structured Settlement Protection Act, often referred to as simply the SSPA, was enacted in 2000 and amended in 2018. This Act was passed to protect participants in structured settlement payments who have decided to buy or sell they monthly or annual structured settlement or annuity payments for a lump sum amount.
If you are an individual considering selling your payments and have questions about the process or the often complex agreements, or if you are trying to determine what your options are and whether your interests are being protected, contacting an attorney will help ensure you will benefit from the structured settlement transfer.
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