Skip to main content
House Bill 1274


House Bill 1274

ARCHIVE (2011)

Latest Information

 

DIGEST OF INTRODUCED BILL


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
>Latest Printing > (PDF)