SB 148 (BR 1344) - T. Jensen
AN ACT relating to nonrecourse civil litigation funding providers.
Create new sections of KRS Chapter 367, relating to consumer protection, to regulate the business of nonrecourse civil litigation funding where funds are provided to a civil litigant and repaid only out of the proceeds of the lawsuit; include provisions that address required contractual disclosures and terms, prohibited activities by funding companies, registration of funding companies with the Attorney General, and enforcement authority within the Attorney General's office.
SB 148 - AMENDMENTS
SCS - Retain original provisions with additions to prohibit provider transaction with litigants not represented by an attorney, to allow the Attorney General to expend registration funds to support the AG's required activities under the bill, and to expand the list of activities prohibited to a funding provider.
SCA (1/Title, T. Jensen) - Make title amendment.
SFA (1, R. Jones II) - Amend to include a health insurance provider's lien among the list of liens that take priority over the repayment of the nonrecourse civil litigation provider.
Feb 8-introduced in Senate
Feb 10-to Judiciary (S)
Feb 11-reported favorably, 1st reading, to Calendar with Committee Substitute, committee amendment (1-title)
Feb 12-2nd reading, to Rules
Feb 16-floor amendment (1) filed to Committee Substitute
Feb 22-recommitted to Judiciary (S)