Florida Senate - 2020                        COMMITTEE AMENDMENT
       Bill No. SB 1828
       
       
       
       
       
       
                                Ì504878YÎ504878                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                 Comm: UNFAV           .                                
                  02/19/2020           .                                
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       The Committee on Banking and Insurance (Thurston) recommended
       the following:
       
    1         Senate Amendment to Amendment (793752) 
    2  
    3         Delete lines 99 - 117
    4  and insert:
    5         (9) Report to a consumer credit reporting agency if
    6  insufficient funds remain from the net proceeds of the subject
    7  civil action or claim to repay the litigation financier.
    8         (10) Direct, or make any decisions with respect to, the
    9  conduct of the subject civil action or claim or any settlement
   10  thereof.
   11         (11) Enter into a litigation financing contract with a
   12  consumer incorporating the consumer’s obligations to the
   13  litigation financier under an existing litigation financing
   14  contract.
   15         (12) Knowingly enter into a litigation financing contract
   16  with a consumer already under a litigation financing contract
   17  with another litigation financier without first paying the
   18  entire funded amount and all charges owed under the existing
   19  contract, unless the consumer consents to a contemporaneous
   20  financing arrangement in writing.
   21         (13) Provide litigation financing for a claim under chapter