Third-Party Litigation Financing - Licensing and Regulation

Summary

The bill bars anyone who provides litigation financing from doing so unless they are licensed under Maryland’s consumer loan laws. It treats such 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 protect consumers involved in civil actions.

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

Topics

Share