CS/HB 7041: Litigation Financing Consumer Protection
GENERAL BILL by Commerce Committee ; Civil Justice Subcommittee ; Leek ; (CO-INTRODUCERS) Sabatini
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.
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 |
| 2/25/2020 | House |
• On Committee agenda-- Commerce Committee, 02/27/20, 8:00 am, Webster Hall |
| 2/27/2020 | House |
• CS by- Commerce Committee; YEAS 20 NAYS 3 -HJ 694 |
| 2/28/2020 | House |
• Pending review of CS -under Rule 7.18(c) |
| 3/2/2020 | House |
• Placed on Calendar -HJ 693 • CS by Commerce Committee read 1st time -HJ 692 |
| 3/14/2020 | House |
• Indefinitely postponed and withdrawn from consideration • Died on Calendar |
