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A08653 Summary:
| BILL NO | A08653A |
| SAME AS | SAME AS S03911-B |
| SPONSOR | Magnarelli |
| COSPNSR | Sepulveda, Taylor, Vanel, Cook, Simon, Seawright, Niou, Rivera, Wright, Woerner, Magee, D'Urso, Arroyo, Lavine, Jenne, McDonald, Williams, Fahy |
| MLTSPNSR | De La Rosa, Schimminger |
| Add Art 39-H §§899-ccc - 899-ggg, Gen Bus L | |
| Establishes contract requirements for third party litigation financing which includes requiring contracts to contain a right of rescission, a written acknowledgement by the attorney retained, a clear outline of the scheduled fee structure and a no penalty provision. | |