Third-Party Litigation Financing - Licensing and Regulation

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.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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