Sections
7 entriesSection 6250Sets the following rule: (a)Charges means the amount of money to be paid to the consumer legal funding company by or on…Section 6251Requires the following: (a)(1)All consumer legal funding transactions must be codified in a written contract. (e)Notwithstanding subdivision (d), a contract for a…Section 6252Requires consumer legal funding contracts to disclose on the first page the funded amount, one-time charges, maximum total assignment, and repayment schedule,…Section 6253Prohibits the following: The contracted amount to be paid to the consumer legal funding company shall be a predetermined amount based upon…Section 6254Prohibits consumer legal funding companies from attorney referral payments, misleading information, controlling claims, waiving remedies, paying litigation costs from funding, conditioning funding…Section 6255Allows a consumer to assign the contingent right to receive an amount from the potential proceeds of a legal claim. The provision…Section 6256Prohibits the following: (a)An attorney, or the attorney’s immediate family, retained by a consumer may not have a financial interest in a…