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.
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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3/14/2020 House • Indefinitely postponed and withdrawn from consideration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
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CS/HB 7041, Committee Substitute 1 (Current Bill Version) Posted 2/28/2020 at 5:50 PM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1828 Litigation Financing Consumer Protection Broxson Similar Last Action: 3/14/2020 S Died in Banking and Insurance 
Citations - Statutes (10)
Citation Catchline Location in Bill Location In Bill Help 559.952 Page 2 (pdf) 559.953 Page 4 (pdf) 559.954 Page 7 (pdf) 559.955 Page 8 (pdf) 559.956 Page 10 (pdf) 559.957 Page 12 (pdf) 559.958 Page 13 (pdf) 559.959 Page 14 (pdf) 559.961 Page 14 (pdf) 559.962 Page 15 (pdf) -
HB 7041, Original Filed Version Posted 1/24/2020 at 8:37 AM
Bill Text: PDF Analyses: Appropriations Committee (Post-Meeting) 2/5/2020 (pdf)
Commerce Committee (Post-Meeting) 2/28/2020 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1828 Litigation Financing Consumer Protection Broxson Similar Last Action: 3/14/2020 S Died in Banking and Insurance
Committee Amendments (2)
Amendment Sponsor Filed Last Committee Action Format 002305 - Amendment
Remove lines 41-45 and insert:Leek 2/26/2020
4:05 PMAdopted without Objection
2/27/2020PDF 689897 - Amendment
Remove lines 66-67 and insert:Leek 2/26/2020
4:06 PMAdopted without Objection
2/27/2020PDF Citations - Statutes (10)
Citation Catchline Location in Bill Location In Bill Help 501.1001 Page 2 (pdf) 501.1002 Page 4 (pdf) 501.1003 Page 7 (pdf) 501.1004 Page 8 (pdf) 501.1005 Page 9 (pdf) 501.1006 Page 12 (pdf) 501.1007 Page 13 (pdf) 501.1008 Page 14 (pdf) 501.1009 Page 14 (pdf) 501.1011 Page 14 (pdf)
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