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Ex-House Speaker in Ohio Disputing Nearly $2M Business Debt
By: Associated Press
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COLUMBUS, Ohio (AP) – An Alabama bank is seeking nearly $2 million in unpaid debt from former Ohio House Speaker Larry Householder as the Perry County Republican attempts a Statehouse comeback.
The once-powerful Householder is disputing the 2014 judgment for $1,893,151 that favored Union Bank over Flat Rock, Alabama-based D&E Mining, a coal-mining business in which he was an investor. Householder said he hopes to resolve the issue soon.
The bank’s attorney confirms to The Associated Press that the case is still open.
Court records show Union sued D&E, Householder and others in 2013 for the unpaid portion of a $2.4 million loan to D&E, money guaranteed through the federal recovery act.
Householder said he sold his interest in D&E several years ago and disputes that he’s the party responsible for the outstanding debt.