Legislation
SECTION 899-LLL
Reporting
General Business (GBS) CHAPTER 20, ARTICLE 39-H
* § 899-lll. Reporting. 1. Each consumer litigation funding company
that engages in business in the state shall submit a report to the
department of state no later than the thirty-first of January of each
year specifying:
(a) number of consumer litigation fundings by the company;
(b) summation of funded amounts in dollar figure; and
(c) annual percentage charged to each consumer where repayment was
made.
2. The department of state shall make such information available to
the public, in a manner which maintains the confidentiality of the name
of each company and consumer, no later than ninety days after the
reports are submitted.
* NB Effective and Repealed June 17, 2026
that engages in business in the state shall submit a report to the
department of state no later than the thirty-first of January of each
year specifying:
(a) number of consumer litigation fundings by the company;
(b) summation of funded amounts in dollar figure; and
(c) annual percentage charged to each consumer where repayment was
made.
2. The department of state shall make such information available to
the public, in a manner which maintains the confidentiality of the name
of each company and consumer, no later than ninety days after the
reports are submitted.
* NB Effective and Repealed June 17, 2026