- District 92
Establish Subtitle 12 of KRS Chapter 286 and create sections thereof to define terms; prohibit engaging in the business of nonrecourse consumer legal funding transactions without a license; establish licensing requirements; provide that nonrecourse consumer legal funding transactions are not loans and exempt from statute relating to interest; establish requirements for nonrecourse consumer legal funding transaction contracts; prohibit certain actions by nonrecourse consumer legal funding companies; provide for attorney communications and responsibilities; establish penalties; provide that the new subtitle on nonrecourse consumer legal funding shall not restrict the powers or duties of the Attorney General; amend KRS 286.4-410, 360.010, and 372.060 to conform.
No votes to display
recommitted to Appropriations & Revenue (H)
floor amendments (1) and (2) filed
2nd reading, to Rules
reported favorably, 1st reading, to Calendar
to Judiciary (H)
introduced in House
to Committee on Committees (H)
|Bill Text Versions||Format|
|Proposed House Floor Amendment 2|
|Proposed House Floor Amendment 1|
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