Florida Senate - 2021                        COMMITTEE AMENDMENT
       Bill No. SB 1750
       
       
       
       
       
       
                                Ì567790DÎ567790                         
       
                              LEGISLATIVE ACTION                        
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       The Committee on Banking and Insurance (Rouson) recommended the
       following:
       
    1         Senate Amendment to Amendment (287784) (with title
    2  amendment)
    3  
    4         Delete lines 228 - 235.
    5  
    6  ================= T I T L E  A M E N D M E N T ================
    7  And the title is amended as follows:
    8         Delete lines 260 - 264
    9  and insert:
   10         Delete lines 12 - 30
   11  and insert:
   12         such financiers; authorizing the department to revoke
   13         such registrations for noncompliance under certain
   14         circumstances; authorizing the department to adopt
   15         rules; creating s. 559.955, F.S.; providing
   16         requirements for litigation financing contracts;
   17         creating s. 559.956, F.S.; prohibiting litigation
   18         financiers from engaging in specified conduct;
   19         creating s. 559.957, F.S.; providing disclosure
   20         requirements for litigation financing contracts;
   21         creating s. 559.958, F.S.; providing for the
   22         assignment of contingent rights to civil action or
   23         claim proceeds; specifying the priority of liens
   24         against or rights to civil action or claim proceeds;
   25         creating s. 559.959, F.S.; authorizing litigation
   26         financiers to assess specified interest, fees, and
   27         charges; providing requirements for such interest,
   28         fees, and charges; prohibiting a litigation financier
   29         from assessing certain fees or charges;