Amends the litigation funding act to promote consumer protections related to litigation funding contracts.

The bill amends the litigation funding act to enhance consumer protections related to litigation funding contracts. It mandates specific contract requirements, including clear disclosures and a right of rescission. It also outlines prohibitions for litigation funding companies, such as paying referral fees or providing misleading information. Additionally, the bill establishes registration and reporting requirements for litigation funding companies, ensuring they comply with state regulations.

Amends the litigation funding act to promote consumer protections related to litigation funding contracts.

The bill amends the litigation funding act to enhance consumer protections related to litigation funding contracts. It mandates specific contract requirements, including clear disclosures and a right of rescission. It also outlines prohibitions for litigation funding companies, such as paying referral fees or providing misleading information. Additionally, the bill establishes registration and reporting requirements for litigation funding companies, ensuring they comply with state regulations.