HB156 Alabama 2011 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2011
Title
Contracts between a consumer and a consumer legal funding company, regulated, Consumer Legal Funding Act
Description
This bill would create the Alabama Consumer Legal Funding Act. The bill would regulate contracts whereby a consumer legal funding company purchases and a consumer assigns the contingent right to receive an amount of the potential proceeds of a settlement, judgment, award, or verdict
To create the Alabama Consumer Legal Funding Act; to regulate contracts whereby a consumer legal funding company purchases and a consumer assigns the contingent right to receive an amount of the potential proceeds of a settlement, judgment, award, or verdict.
Subjects
Contracts
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 3, 2011 | Read for the first time and referred to the House of Representatives committee on Judiciary |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB156 Alabama 2011 Session - Introduced |