2010 Regular Session

SENATE BILL 831

File Code: Civil Actions and Procedures Crossfiled with: HOUSE BILL 1331
Sponsored By:
Senators Forehand and Miller
Entitled:
Civil Litigation Funding

Synopsis:

Establishing requirements for a contract for nonrecourse civil litigation funding; regulating fees assessed by a civil litigation funding company; establishing specified prohibitions; requiring each civil litigation funding company to be licensed by the Commissioner of Financial Regulation; providing that a nonrecourse civil litigation funding transaction under the Act may not be deemed to be a loan; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/10
First Reading Judicial Proceedings
2/12
Hearing 3/9 at 1:00 p.m.
House Action
No Action

Sponsored by:

Senator Jennie M. Forehand, District 17
Senator Thomas V. Mike Miller, Jr., District 27

Bill indexed under the following Subjects:

Attorneys
Civil Actions -see also- Small Claims
Consumer Protection -see also- Unfair Trade Practices
Contracts -see also- Land Installment Contracts; Procurement
Damages
Disclosure
Evidence
Fees -see also- Attys` Fees; Devt Fees & Taxes; Reimb Rates.
Financial Regulation, Division of
Judgments
Licenses -see also- Alcoholic Bev Lic; Drivers` Licenses
Notices
Reports
Rules and Regulations

Bill affects the following Statutes:

Courts and Judicial Proceedings
( 5-1201 , 5-1202 , 5-1203 , 5-1204 , 5-1205 , 5-1206 , 5-1207 , 5-1208 )
Financial Institutions
( 11-202.1 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered