Enacts the consumer litigation funding act to promote consumer protections related to consumer litigation funding transactions; provides for contract.

Enacts the consumer litigation funding act to promote consumer protections related to consumer litigation funding transactions. The act establishes contract requirements, including that the contract contain a no penalty provision for the prepayment of the funded amount prior to the settlement of their case. It also provides for registration, reporting, and disclosure requirements for consumer litigation funding companies.

Enacts the consumer litigation funding act to promote consumer protections related to consumer litigation funding transactions; provides for contract.

Enacts the consumer litigation funding act to promote consumer protections related to consumer litigation funding transactions. The act establishes contract requirements, including that the contract contain a no penalty provision for the prepayment of the funded amount prior to the settlement of their case. It also provides for registration, reporting, and disclosure requirements for consumer litigation funding companies.