Establishes a consumer protection restitution account, modifies the consumer litigation account, and creates a proceeds of litigation or settlement.
The bill establishes a consumer protection restitution account to receive money from consumer enforcement actions that cannot be distributed to eligible consumers. It modifies the consumer litigation account to set a maximum balance of $2,000,000 and requires annual transfers from the proceeds of litigation or settlement account. The bill also establishes a proceeds of litigation or settlement account to hold money recovered in litigation or settlements. The attorney general must report annually on activities funded by the consumer litigation account.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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