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Senate Bill 0378


Senate Bill 0378

ARCHIVE (2013)

Latest Information

 

DIGEST OF INTRODUCED BILL


Consumer lawsuit lending. Provides that a nonrecourse loan secured only by the proceeds of a lawsuit is subject to the same regulation as a traditional loan. Requires a plaintiff who has received a nonrecourse loan secured by the proceeds of a lawsuit to file a copy of the lending agreement with the court and provide a copy to the opposing party.
    Current Status:
     In Committee - first House
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