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1999 SESSION

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HB 2538 Purchase and sale of structured settlement payments.

Introduced by: Glenn R. Croshaw | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Purchase and sale of structured settlement payments. Provides disclosure provisions for persons entering into (i) a structured settlement agreement or (ii) an agreement to transfer the right to receive all or any portion of future payments under a structured settlement agreement. The bill also requires persons entering into or transferring the rights to receive a structured settlement to have(i) a five-day absolute right of rescission, (ii) independent legal representation, and (iii) approval of the court, if such settlement was originally approved by a court.

FULL TEXT

• 01/21/99  House: Presented & ordered printed 993355152  pdf

HISTORY

• 01/21/99  House: Presented & ordered printed 993355152
• 01/21/99  House: Referred to Committee on Corporations, Insurance and Banking
• 01/26/99  House: Assigned to C. I. B. sub-committee: 2
• 02/04/99  House: Stricken from docket by C.I.B. (25-Y 1-N)