| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | - | LCO 1 of 2 | |
| 3 | + | LCO No. 6769 1 of 2 | |
| 4 | 4 | ||
| 5 | - | General Assembly | |
| 5 | + | General Assembly Raised Bill No. 1544 | |
| 6 | 6 | January Session, 2025 | |
| 7 | + | LCO No. 6769 | |
| 8 | + | ||
| 9 | + | ||
| 10 | + | Referred to Committee on JUDICIARY | |
| 11 | + | ||
| 12 | + | ||
| 13 | + | Introduced by: | |
| 14 | + | (JUD) | |
| 7 | 15 | ||
| 8 | 16 | ||
| 9 | 17 | ||
| 10 | 18 | ||
| 11 | - | ||
| 12 | - | AN ACT CONCERNING A STUDY ON PRESETTLEMENT LEGAL | |
| 13 | - | FUNDING AND LOANS MADE IN CONNECTION WITH THE | |
| 14 | - | ANTICIPATED RECEIPT OF A WRONGFUL INCARCERATION | |
| 15 | - | AWARD. | |
| 19 | + | AN ACT CONCERNING PRESETTLEMENT LEGAL FUNDING AND | |
| 20 | + | LOANS MADE IN CONNECTION WITH THE ANTICIPATED RECEIPT | |
| 21 | + | OF A WRONGFUL INCARCERATION AWARD. | |
| 16 | 22 | Be it enacted by the Senate and House of Representatives in General | |
| 17 | 23 | Assembly convened: | |
| 18 | 24 | ||
| 19 | - | Section 1. (Effective from passage) (a) The Banking | |
| 25 | + | Section 1. (Effective from passage) (a) The Commissioner of Banking, or 1 | |
| 20 | 26 | the commissioner's designee, shall study and report: (1) On consumer 2 | |
| 21 | 27 | complaints made against entities subject to the provisions of title 36a of 3 | |
| 22 | 28 | the general statutes, for the five-year period commencing on July 1, 4 | |
| 23 | 29 | 2020, and ending on June 30, 2025, relating to (A) any alleged 5 | |
| 24 | 30 | impropriety in the provision of presettlement legal funding to a person 6 | |
| 25 | 31 | seeking compensation for wrongful incarceration under section 54-7 | |
| 26 | 32 | 102uu of the general statutes; (B) any unlicensed entity providing a 8 | |
| 27 | 33 | small loan to a person with respect to the anticipated proceeds from a 9 | |
| 28 | 34 | wrongful incarceration award under section 54-102uu of the general 10 | |
| 29 | 35 | statutes; (C) any consent decree entered into between the department 11 | |
| 30 | 36 | and an entity subject to the provisions of title 36a of the general statutes 12 | |
| 31 | 37 | relating to an alleged impropriety in the provision of presettlement legal 13 | |
| 32 | 38 | funding to a person seeking compensation for wrongful incarceration 14 | |
| 33 | 39 | under section 54-102uu of the general statutes; and (D) any other 15 | |
| 40 | + | Raised Bill No. 1544 | |
| 41 | + | ||
| 42 | + | ||
| 43 | + | ||
| 44 | + | LCO No. 6769 2 of 2 | |
| 45 | + | ||
| 34 | 46 | enforcement actions taken by the department with respect to a 16 | |
| 35 | 47 | consumer complaint against an entity subject to the provisions of title 17 | |
| 36 | - | 36a of the general statutes relating to presettlement legal funding or a 18 Substitute Bill No. 1544 | |
| 37 | - | ||
| 38 | - | ||
| 39 | - | LCO 2 of 2 | |
| 40 | - | ||
| 48 | + | 36a of the general statutes relating to presettlement legal funding or a 18 | |
| 41 | 49 | loan made in connection with the anticipated proceeds from a wrongful 19 | |
| 42 | 50 | incarceration award under section 54-102uu of the general statutes; and 20 | |
| 43 | 51 | (2) in consultation with the Commissioner of Consumer Protection and 21 | |
| 44 | 52 | the Attorney General, on recommended legislative changes needed to 22 | |
| 45 | - | ||
| 53 | + | provide enhanced consumer protections to a person seeking 23 | |
| 46 | 54 | compensation for wrongful incarceration under section 54-102uu of the 24 | |
| 47 | 55 | general statutes, who, prior to receiving any compensation, enters into 25 | |
| 48 | 56 | an agreement with an entity for the receipt of certain sums of money, 26 | |
| 49 | 57 | which sums of money are to be repaid to the entity upon the receipt of 27 | |
| 50 | - | the wrongful incarceration award; and (B) establish a process for the 28 | |
| 51 | - | appointment of a trustee for a person described in subparagraph (A) of 29 | |
| 52 | - | this subdivision relative to the receipt and disbursement of a wrongful 30 | |
| 53 | - | incarceration award while such person's claim is pending with the 31 | |
| 54 | - | Office of the Claims Commissioner. 32 | |
| 55 | - | (b) The Banking Commissioner, or the commissioner's designee, shall 33 | |
| 56 | - | submit the report, in accordance with the provisions of section 11-4a of 34 | |
| 57 | - | the general statutes, to the joint standing committees of the General 35 | |
| 58 | - | Assembly having cognizance of matters relating to the judiciary, 36 | |
| 59 | - | banking and consumer protection on or before January 8, 2026. 37 | |
| 58 | + | the wrongful incarceration award. 28 | |
| 59 | + | (b) The Commissioner of Banking, or the commissioner's designee, 29 | |
| 60 | + | shall submit the report in accordance with the provisions of section 11-30 | |
| 61 | + | 4a of the general statutes, to the joint standing committees of the General 31 | |
| 62 | + | Assembly having cognizance of matters relating to the judiciary, 32 | |
| 63 | + | banking and consumer protection on or before January 15, 2026. 33 | |
| 60 | 64 | This act shall take effect as follows and shall amend the following | |
| 61 | 65 | sections: | |
| 62 | 66 | ||
| 63 | 67 | Section 1 from passage New section | |
| 64 | 68 | ||
| 65 | - | JUD Joint Favorable Subst. | |
| 69 | + | Statement of Purpose: | |
| 70 | + | To require the Commissioner of Banking to report on consumer | |
| 71 | + | complaints made with respect to presettlement legal funding and loans | |
| 72 | + | made in connection with the anticipated receipt of a wrongful | |
| 73 | + | incarceration award. | |
| 74 | + | ||
| 75 | + | [Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except | |
| 76 | + | that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not | |
| 77 | + | underlined.] | |
| 66 | 78 |