Effective: September 28, 2012
Latest Legislation: Senate Bill 196 - 129th General Assembly
(A) For a violation of sections 1334.01 to 1334.15 of the Revised Code, a purchaser has a cause of action and may seek either or both of the following:
(1) In an individual action:
(a) Rescind the agreement by giving written notice to the seller within three years of the date of the agreement and recover all sums paid to the seller, less the fair market value, at the time of delivery, of any goods supplied by the seller that are not returned to the seller;
(b) If the purchaser is found to have been damaged, recover up to three times the amount of actual damages or ten thousand dollars, whichever is greater.
(2) Recover damages or other appropriate relief in a class action under Civil Rule 23, as amended.
(B) The court may award to the prevailing party a reasonable attorney fee limited to the work reasonably performed, if either of the following apply:
(1) The purchaser complaining of the act or practice that violated sections 1334.01 to 1334.15 of the Revised Code has brought or maintained an action that is groundless and the purchaser brought or maintained the action in bad faith;
(2) The seller or broker committed an act or practice that violates sections 1334.01 to 1334.15 of the Revised Code.
(C) Upon receipt by a purchaser of the consideration paid to a seller, or a seller's affiliates, or both, pursuant to division (A)(1)(a) of this section, the purchaser shall make available to the seller, at a reasonable time and place, the goods received by the purchaser. However, a purchaser is not entitled to unjust enrichment by exercising the rights provided by this section.