The Latest State To Regulate 3rd-Party Funding By Statute
Document Type
Blog Post
Publication Date
6-28-2016
Publisher
LexisNexis
Language
en-US
Abstract
Law360, New York (June 28, 2016, 9:44 AM EDT) -- In March 2016, the state of Indiana joined a handful of others — including Maine, Nebraska, Ohio and Oklahoma — that authorize and regulate the consumer third-party litigation funding industry by statute. In doing so, Indiana became the latest state to uphold consumer choice while introducing protective measures to weed out potentially predatory lending to those involved in insurance claim settlement proceedings. Scheduled to take effect on July 1, the statute also established a new distinction between the various types of legal funding. But, in doing so, it could potentially reduce the availability of capital.
Recommended Citation
Victoria Sahani,
The Latest State To Regulate 3rd-Party Funding By Statute
,
in
Law360
(2016).
Available at:
https://scholarship.law.bu.edu/shorter_works/218
Publisher URL
https://www.law360.com/articles/811130/the-latest-state-to-regulate-3rd-party-funding-by-statute
