HB156 Alabama 2011 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2011
Title
Contracts between a consumer and a consumer legal funding company, regulated, Consumer Legal Funding Act
Description
<p class="bill_description"> This bill would create the Alabama Consumer
Legal Funding Act. The bill would regulate
contracts whereby a consumer legal funding company
purchases and a consumer assigns the contingent
right to receive an amount of the potential
proceeds of a settlement, judgment, award, or
verdict</p><p class="bill_entitled_an_act"> To create the Alabama Consumer Legal Funding Act; to
regulate contracts whereby a consumer legal funding company
purchases and a consumer assigns the contingent right to
receive an amount of the potential proceeds of a settlement,
judgment, award, or verdict.
</p>
Subjects
Contracts
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 3, 2011 | Read for the first time and referred to the House of Representatives committee on Judiciary |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB156 Alabama 2011 Session - Introduced |