Third-Party Litigation Financing - Licensing and Regulation
Hearing (House)
Summary
The bill makes it illegal for a third‑party litigation financier to provide funding unless it is licensed under Maryland’s consumer loan laws. It treats litigation financing as a loan, forces parties to disclose any financing contract to all other parties and insurers, and allows that information to be discovered in court. The goal is to increase transparency and consumer protection in contingent‑funding arrangements.
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Ask about HB 1298
3 free questions a day, no accountHearings
- Economic Matters — Bill HearingEconomic Matters · Mar 3, 2026
History
- Hearing canceled
- Hearing 3/03 at 1:00 p.m.
- Hearing 3/10 at 1:00 p.m.
- First Reading Economic Matters
Sponsors
- A. Johnson · sponsor
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