Bill > S1828

This bill creates the Litigation Financing Consumer Protection Act, which requires litigation financiers to register with the Office of Financial Regulation and prohibits them from engaging in certain conduct, such as paying referral fees or attempting to waive a consumer's rights. The bill also sets requirements for litigation financing contracts, including mandatory disclosures, a right of rescission, and limits on interest rates, fees, and charges. Additionally, the bill establishes that a litigation financier's lien on potential proceeds has priority over certain other liens, and it addresses issues of privilege and enforcement.

Business and Industry

https://www.flsenate.gov/Session/Bill/2020/1828