NRS 604C.310
Limitations on amount to be paid to consumer litigation funding company under consumer litigation funding contract.

1.

A consumer litigation funding company shall require the amount to be paid to the company under a consumer litigation funding contract to be set as a predetermined amount based upon intervals of time from the funding date though the resolution date. The amount must not exceed the funded amount plus charges not to exceed a rate of 40 percent annually.

2.

The amount to be paid to a company under a consumer litigation funding contract must not be determined as a percentage of the recovery of the legal claim of a consumer.

Source: Section 604C.310 — Limitations on amount to be paid to consumer litigation funding company under consumer litigation funding contract., https://www.­leg.­state.­nv.­us/NRS/NRS-604C.­html#NRS604CSec310.

Last Updated

Feb. 5, 2021

§ 604C.310’s source at nv​.us