A00115
Type: B Origin: Assembly New York Comments: 0

Enacts The Consumer Litigation Funding Act To Promote Consumer Protections Related To Consumer Litigation Funding Transactions; Provides For Contract Requirements, Including That The Contract Contain A No Penalty Provision For The Prepayment Of The Funded

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The Consumer Litigation Funding Act aims to enhance consumer protections in consumer litigation funding transactions. It mandates specific contract requirements, such as including a provision that allows prepayment of the funded amount without penalties. This bill seeks to regulate and ensure fairness in consumer litigation funding practices.

Bill Activity

  • 2023-01-04: referred to consumer affairs and protection

  • 2024-01-03: referred to consumer affairs and protection

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