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The Florida Senate

HB 7041: Litigation Financing Consumer Protection

GENERAL BILL by Civil Justice Subcommittee ; Leek

Litigation Financing Consumer Protection; Requires litigation financiers to register with DOS & file surety bond; provides requirements & rulemaking authority for DOS; provides requirements for litigation financing contracts; provides for assignment of contingent rights to civil action or claim proceeds; specifies priority of liens; authorizes litigation financiers to assess specified interest, fees, & charges; provides that violations are deceptive & unfair trade practices.

Effective Date: 7/1/2020
Last Action: 2/5/2020 House - Now in Commerce Committee -HJ 517
Bill Text: PDF



Bill History

Date Chamber Action
1/24/2020 House • Filed
• Introduced -HJ 437
1/27/2020 House • Referred to Appropriations Committee; Commerce Committee -HJ 444
2/3/2020 House • On Committee agenda-- Appropriations Committee, 02/05/20, 10:00 am, Webster Hall
2/5/2020 House • Favorable by Appropriations Committee; YEAS 20 NAYS 2 -HJ 517
• Now in Commerce Committee -HJ 517