Loans to litigants

Senate Bill 3322 (Harmon, D-Oak Park; Lang, D-Chicago) creates the Non-Recourse Civil Litigation Funding Act to regulate entities that loan money to consumers in exchange for an assignment of an amount of the potential proceeds of the consumer’s legal action. Scheduled for hearing Tuesday afternoon in House Judiciary I.
Posted on November 15, 2010 by James R. Covington
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