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House Bill 1274

House Bill 1274

ARCHIVE (2011)

Latest Information


Nonrecourse loans and litigation. Establishes a procedure by which a company may provide a nonrecourse loan to the plaintiff in an action in exchange for the contingent right to receive a part of the potential proceeds of the action. Provides that a violation of the conditions under which a loan may be offered to a plaintiff constitutes a deceptive act subject to enforcement by the attorney general.
Current Status:
In Committee - first House
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