2010 Regular Session

HOUSE BILL 1331

File Code: Civil Actions and Procedures Crossfiled with: SENATE BILL 831
Sponsored By:
Delegates Dumais, Anderson, Barnes, Lee, Ramirez, and Valderrama
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.
House Action
2/18
First Reading Judiciary
Hearing 3/17 at 1:00 p.m.
3/26
Unfavorable Report by Judiciary Withdrawn
Senate Action
No Action

Sponsored by:

Delegate Kathleen M. Dumais, District 15
Delegate Curt Anderson, District 43
Delegate Ben Barnes, District 21
Delegate Susan C. Lee, District 16
Delegate Victor R. Ramirez, District 47
Delegate Kriselda Valderrama, District 26

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
Committee Votes :
House
Judiciary