CS/CS/HB 379: Transfers of Structured Settlement Payment Rights
GENERAL BILL by Insurance and Banking Subcommittee ; Civil Justice Subcommittee ; Santiago
Transfers of Structured Settlement Payment Rights; Revises specified disclosures & notices that are or may be required to be given in order to effect transfers of structured settlement payment rights & payments under such rights; revises time limit by which written response to application for transferring such rights must be filed; provides requirements for filing & contents of application; requires court to hold hearing on application; requires payee to appear in person unless court determines that good cause exists to excuse payee; provides that transferee is solely responsible for compliance with certain requirements; provides that following issuance of court order approving transfer, structured settlement obligor & annuity issuer may rely on order in redirecting certain payments & are released & discharged from certain liability; provides for construction if terms of structured settlement prohibit transfer for payment rights.
Last Action: 2/23/2016 House - Laid on Table, companion bill(s) passed, see CS/SB 458 (Ch. 2016-45) -HJ 541
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 10/16/2015 | House |
• Filed |
| 10/30/2015 | House |
• Referred to Civil Justice Subcommittee; Insurance and Banking Subcommittee; Judiciary Committee -HJ 33 |
| 1/11/2016 | House |
• On Committee agenda-- Civil Justice Subcommittee, 01/13/16, 9:00 am, Sumner Hall |
| 1/12/2016 | House |
• Introduced -HJ 33 |
| 1/13/2016 | House |
• CS by Civil Justice Subcommittee; YEAS 12 NAYS 0 -HJ 241 |
| 1/19/2016 | House |
• Pending review of CS under Rule 7.19(c) • CS by Civil Justice Subcommittee read 1st time -HJ 226 |
| 1/21/2016 | House |
• Now in Insurance and Banking Subcommittee -HJ 249 |
| 1/28/2016 | House |
• On Committee agenda-- Insurance and Banking Subcommittee, 02/01/16, 12:00 pm, Sumner Hall |
| 2/1/2016 | House |
• CS/CS by Insurance and Banking Subcommittee; YEAS 12 NAYS 0 -HJ 364 |
| 2/2/2016 | House |
• Pending review of CS under Rule 7.19(c) • CS/CS by Insurance and Banking Subcommittee read 1st time -HJ 359 |
| 2/3/2016 | House |
• Now in Judiciary Committee -HJ 382 |
| 2/8/2016 | House |
• On Committee agenda-- Judiciary Committee, 02/10/16, 9:00 am, Sumner Hall |
| 2/10/2016 | House |
• Favorable by- Judiciary Committee; YEAS 16 NAYS 0 -HJ 436 • Placed on Calendar -HJ 436 |
| 2/19/2016 | House |
• Placed on Special Order Calendar, 02/23/16 |
| 2/23/2016 | House |
• Substituted CS/SB 458 -HJ 541 • Laid on Table, companion bill(s) passed, see CS/SB 458 (Ch. 2016-45) -HJ 541 |
