Limitations on amount to be paid to consumer litigation funding company under consumer litigation funding contract.

  1. Law
  2. Nevada Revised Statutes
  3. Consumer Litigation Funding
  4. Limitations on amount to be paid to consumer litigation funding company under consumer litigation funding contract.

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1. A consumer litigation funding company shall require the amount to be paid to the company under a consumer litigation funding contract to be set as a predetermined amount based upon intervals of time from the funding date though the resolution date. The amount must not exceed the funded amount plus charges not to exceed a rate of 40 percent annually.

2. The amount to be paid to a company under a consumer litigation funding contract must not be determined as a percentage of the recovery of the legal claim of a consumer.

(Added to NRS by 2019, 2405)


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