California AB743 regulates lawsuit financiers by requiring licensing and criminal history checks.

California AB743 amends the Financial Code to regulate lawsuit financiers. It requires a license for lawsuit financing and includes it as an industry category on the department's website. The commissioner can deny a license application for false statements or criminal history. Lawsuit financiers must maintain a surety bond and disclose the amount of financing upon request. Willful violations of the law by lawsuit financiers are subject to civil penalties. The bill also defines "lawsuit financing" and "lawsuit financier.

California AB743 regulates lawsuit financiers by requiring licensing and criminal history checks.

California AB743 amends the Financial Code to regulate lawsuit financiers. It requires a license for lawsuit financing and includes it as an industry category on the department's website. The commissioner can deny a license application for false statements or criminal history. Lawsuit financiers must maintain a surety bond and disclose the amount of financing upon request. Willful violations of the law by lawsuit financiers are subject to civil penalties. The bill also defines "lawsuit financing" and "lawsuit financier.