Roll Call: IN HB1127 | 2016 | Regular Session
For additional roll call votes on Indiana HB1127 please see the Vote List
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. Permits a CPAP provider to charge: (1) a fee not exceeding an annual rate of 36% of the funded amount; (2) a servicing charge not exceeding an annual rate of 7% of the funded amount; and
Spectrum: Bipartisan Bill
Status: (Passed) 2016-03-23 - Public Law 153 [HB1127 Detail]
Text: Latest bill text (Enrolled) [PDF]
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. Permits a CPAP provider to charge: (1) a fee not exceeding an annual rate of 36% of the funded amount; (2) a servicing charge not exceeding an annual rate of 7% of the funded amount; and
Spectrum: Bipartisan Bill
Status: (Passed) 2016-03-23 - Public Law 153 [HB1127 Detail]
Text: Latest bill text (Enrolled) [PDF]
Vote: Senate - Rules Suspended. Conference Committee Report 1
| Vote | Tally | Democrat | Republican |
|---|---|---|---|
| Yea | 40 | 9 | 31 |
| Nay | 10 | 1 | 9 |
| Not Voting | - | - | - |
| Absent | - | - | - |
| TOTAL | 50 | 10 | 40 |
