Third Party Litigation Funding Amendments

Summary

The bill creates new rules for third‑party litigation funding agreements, separating consumer and commercial arrangements. It forces funding providers to register with the Division of Consumer Protection, adds disclosure and rescission rights for consumers, and bars funding deals with foreign entities. The changes also limit how attorneys can work with funders and set penalties for violations.

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

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