Consumers in Crisis Protection Act regulates consumer litigation funding in Minnesota.

The Consumers in Crisis Protection Act regulates consumer litigation funding in Minnesota. It defines key terms, sets contract requirements, and imposes prohibitions on certain actions by consumer litigation funding companies. The act also mandates registration with the Department of Commerce, requires annual reporting, and outlines penalties for violations. It ensures transparency and protects consumers by limiting certain practices and disclosures.

Consumers in Crisis Protection Act regulates consumer litigation funding in Minnesota.

The Consumers in Crisis Protection Act regulates consumer litigation funding in Minnesota. It defines key terms, sets contract requirements, and imposes prohibitions on certain actions by consumer litigation funding companies. The act also mandates registration with the Department of Commerce, requires annual reporting, and outlines penalties for violations. It ensures transparency and protects consumers by limiting certain practices and disclosures.