Iowa SSB1122 regulates litigation financing contracts, requiring registration, disclosure, and limitations on financers.

Iowa SSB1122, the Litigation Financing Transparency and Consumer Protection Act, mandates the registration of litigation financers with the secretary of state. It outlines registration requirements and procedures, making all related documents public records. The bill imposes limitations on financers, prohibiting them from paying commissions, accepting consideration, charging excessive interest, or providing misleading information. It also mandates specific disclosures in litigation financing contracts, including the maximum amount financers can receive.

Iowa SSB1122 regulates litigation financing contracts, requiring registration, disclosure, and limitations on financers.

Iowa SSB1122, the Litigation Financing Transparency and Consumer Protection Act, mandates the registration of litigation financers with the secretary of state. It outlines registration requirements and procedures, making all related documents public records. The bill imposes limitations on financers, prohibiting them from paying commissions, accepting consideration, charging excessive interest, or providing misleading information. It also mandates specific disclosures in litigation financing contracts, including the maximum amount financers can receive.