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House Bill 1837


House Bill 1837

ARCHIVE (2001)

Latest Information

 

DIGEST OF HB 1837 (Updated April 29, 2001 8:10 PM - DI 97)


Transfer of structured settlement payment rights. Adds provisions to the Indiana civil law and procedure regulating transfers of payment rights under structured settlement agreements. Defines "structured settlement" as periodic payment of damages established by a settlement or court judgment in resolution of a tort claim for personal injury. Requires certain disclosures and court approval of an agreement to transfer structured settlement payment rights. Specifies express court findings required for approval of a transfer of structured settlement payment rights. Makes conforming amendments. Specifies that failure of a transferee to provide a disclosure to a payee as required is an incurable deceptive consumer sales act. Makes conforming amendments.
Current Status:
 Law Enacted
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