RIGHT OF RESCISSION.
A consumer litigation funding agreement shall contain inside a text box, in bold type, a right of rescission permitting the consumer to cancel the agreement without penalty or further obligation if, not later than the fifth business day after the funding date, the consumer:
1. Returns to the consumer litigation funder the full amount of the disbursed funds by personally delivering the funder's uncashed check to the funder's office; or
2. Sends by insured, certified, or registered United States mail to the address specified in the agreement a notice of cancellation and the full amount of disbursed funds in the form of the funder's uncashed check or a registered or certified check or money order.
Added by Laws 2013, c. 386, § 6, eff. Nov. 1, 2013.
NOTE: Editorially renumbered from Title 14A, § 3-706 to avoid a duplication in numbering.