Enacts the consumer litigation funding act to promote consumer protections related to consumer litigation funding transactions; provides for contract requirements, including that the contract contain a no penalty provision for the prepayment of the funded amount prior to the settlement of their case; makes related provisions.
Amends the litigation funding act to promote consumer protections related to litigation funding contracts; provides for contract requirements for litigation funding including disclosures, prohibitions; provides for litigation funding company registration and reporting requirements.