CS/HB 7041: Litigation Financing Consumer Protection
GENERAL BILL by Commerce Committee ; Civil Justice Subcommittee ; Leek ; (CO-INTRODUCERS) Sabatini
Litigation Financing Consumer Protection; Requires litigation financiers to register with DOS & file surety bond; provides requirements & rulemaking authority for DOS; provides requirements for litigation financing contracts; provides for assignment of contingent rights to civil action or claim proceeds; specifies priority of liens; authorizes litigation financiers to assess specified interest, fees, & charges; provides that violations are deceptive & unfair trade practices.
Last Action: 3/14/2020 House - Died on Calendar
Bill Text: PDF
• Introduced -HJ 437
• Referred to Appropriations Committee; Commerce Committee -HJ 444
• On Committee agenda-- Appropriations Committee, 02/05/20, 10:00 am, Webster Hall
• Favorable by Appropriations Committee; YEAS 20 NAYS 2 -HJ 517
• Now in Commerce Committee -HJ 517
• On Committee agenda-- Commerce Committee, 02/27/20, 8:00 am, Webster Hall
• CS by- Commerce Committee; YEAS 20 NAYS 3 -HJ 694
• Pending review of CS -under Rule 7.18(c)
• Placed on Calendar -HJ 693
• CS by Commerce Committee read 1st time -HJ 692
• Indefinitely postponed and withdrawn from consideration
• Died on Calendar
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