Bill > HF4407

This bill enacts the Consumers in Crisis Protection Act, which regulates consumer legal funding transactions in Minnesota. It defines key terms, such as "consumer legal funding company" and "consumer legal funding transaction," and establishes requirements for registration, contract content, authorized charges, and prohibited acts. The bill provides civil penalties for violations and authorizes the commissioner of commerce to enforce the law through examinations, rulemaking, and enforcement actions. The bill aims to protect consumers who seek legal funding by setting standards for the industry and prohibiting certain practices.