Bill
Bill > SB01544
CT SB01544
An Act Concerning A Study On Presettlement Legal Funding And Loans Made In Connection With The Anticipated Receipt Of A Wrongful Incarceration Award.
summary
Introduced
03/21/2025
03/21/2025
In Committee
05/08/2025
05/08/2025
Crossed Over
05/07/2025
05/07/2025
Passed
06/04/2025
06/04/2025
Dead
Introduced Session
2025 General Assembly
Bill Summary
To require the Commissioner of Banking to report on consumer complaints made with respect to presettlement legal funding and loans made in connection with the anticipated receipt of a wrongful incarceration award.
AI Summary
This bill requires the Banking Commissioner to conduct a comprehensive study on presettlement legal funding and loans related to wrongful incarceration compensation over a five-year period from July 2020 to June 2025. The study will focus on consumer complaints against financial entities, including allegations of impropriety in providing legal funding to individuals seeking compensation for wrongful incarceration, unlicensed loan providers, consent decrees, and enforcement actions. The commissioner will work with the Consumer Protection Commissioner and Attorney General to recommend legislative changes that enhance consumer protections for individuals awaiting wrongful incarceration awards, including potentially establishing a trustee process for managing award funds while a claim is pending with the Office of the Claims Commissioner. By January 8, 2026, the commissioner must submit a detailed report to the legislature's judiciary, banking, and consumer protection committees, outlining the findings and proposed legislative improvements to protect individuals seeking compensation for wrongful incarceration.
Committee Categories
Justice
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Judiciary Committee (J)
Last Action
In Concurrence (on 06/04/2025)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB01544&which_year=2025 |
| Bill Analysis For File Copy 745 | https://www.cga.ct.gov/2025/BA/PDF/2025SB-01544-R000745-BA.PDF |
| Fiscal Note For File Copy 745 | https://www.cga.ct.gov/2025/FN/PDF/2025SB-01544-R000745-FN.PDF |
| BillText | https://www.cga.ct.gov/2025/TOB/S/PDF/2025SB-01544-R01-SB.PDF |
| BillText | https://www.cga.ct.gov/2025/TOB/S/PDF/2025SB-01544-R00-SB.PDF |
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