Consumers in Crisis Protection Act.

Summary

The Consumers in Crisis Protection Act regulates companies that provide non‑recourse cash advances to people involved in civil lawsuits. It forces these companies to register with the state insurance commissioner, pay a $1,000 fee, prove $50,000 financial stability, and use plain‑language contracts that include a 10‑business‑day right to cancel. Family members, banks, and professionals who assist the consumer are exempt from the new requirements.

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