SF 586·IA·senate
A bill for an act relating to third-party litigation funding and including applicability provisions.
FailedFiled Mar 10, 2025
Sponsor: COMMITTEE ON JUDICIARY
Latest Action
Committee report approving bill, renumbered as SF 2419. S.J. 368.
Feb 23, 2026
Summary
The bill creates a new regulatory framework for companies that fund lawsuits for consumers and for commercial litigation financiers. It forces these firms to register with the state, use clear contracts with specific disclosures, and bans certain practices like referral fees. Violations could bring civil penalties of up to $100,000 per breach.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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