LegalFix
Sign In

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

NV Rev Stat § 604C.310 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

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.

(Added to NRS by 2019, 2405)

Previous Section
NRS 604C.300 - Certain acts related to the operation of a consumer funding company prohibited.
Next Section
NRS 604C.320 - License required.