CIVIL/LAW: Establishes regulations on consumer legal funding
Read by title, under the rules, referred to the Committee on Civil Law and Procedure.
Summary
The bill creates new rules for companies that provide cash advances to consumers involved in civil disputes. It limits the interest they can charge, forces clear written agreements with bold APR disclosures, and bans deceptive or unfair terms. The goal is to protect consumers from excessive costs and preserve the integrity of their legal cases.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
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