US Lawyer Database

Section 302 – Required disclosures.

Effective 5/12/2020 13-57-302. Required disclosures. A maintenance funding provider shall disclose in a maintenance funding agreement: (1) that the maintenance funding provider may not participate in deciding whether, when, or the amount for which a legal action is settled; (2) that the maintenance funding provider may not interfere with the independent professional judgment of the […]

Section 301 – Maintenance funding agreements.

Effective 5/12/2020 13-57-301. Maintenance funding agreements. (1) A maintenance funding agreement shall: (a) be in writing; (b) contain a right of rescission permitting the individual to cancel the agreement without penalty or further obligation, if the individual returns to the maintenance funding provider the full amount of the disbursed funds: (i) within five business days […]