Ohio Medical Debt Fairness Act limits interest on medical debt and prohibits reporting such debt to credit agencies.
The Ohio Medical Debt Fairness Act caps the interest rate on medical debt at 3% per annum. It prohibits healthcare providers and collection agencies from reporting medical debt to credit reporting agencies. It also mandates that credit reporting agencies remove any such reported debt if requested by the debtor. The act aims to protect consumers from unfair medical debt practices and improve their credit standing.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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