Comments: IN HB1340 | 2015 | Regular Session

Bill Title: Civil proceeding advance payment transactions. Defines a "civil proceeding advance payment transaction", or "CPAP transaction", as a nonrecourse transaction in which a person (CPAP provider) provides to a consumer claimant in a civil proceeding a funded amount, the repayment of which is: (1) required only if the consumer claimant prevails in the civil proceeding; and (2) sourced from the proceeds of the civil proceeding. Requires a CPAP provider to register with the department of financial institutions (department). Sets forth requirements, including disclosure requirements, for a contract (CPAP contract) entered into by a CPAP provider and a consumer claimant. Sets forth

Spectrum: Slight Partisan Bill (Republican 2-1)

Status: (Engrossed - Dead) 2015-02-24 - First Reading: Referred to Committee on Civil Law [HB1340 Detail]

Text: Latest bill text (Engrossed) [PDF]

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