Revise non-recourse litigation funding agreement regulations

Summary

The law creates detailed definitions and disclosure requirements for consumer legal funding contracts and commercial litigation financing deals. It gives consumers a ten‑day, no‑penalty cancellation right, bans certain fees and referral practices, and requires attorney acknowledgments. It also forces financiers to register with the attorney general, bans foreign‑owned financiers, and gives the attorney general enforcement tools, including making agreements public and voiding violations.

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