This bill amends several sections of the Reissue Revised Statutes of Nebraska to modify the statute of limitations for personal injury actions, establishing that such actions must be initiated within two years from the date of accrual. It also clarifies that this new limitation applies only to causes of action that arise on or after the bill's effective date. Additionally, the bill expands the scope of the Nonrecourse Civil Litigation Act to include administrative proceedings and introduces new requirements for disclosures by consumers involved in nonrecourse civil litigation funding transactions.

Key provisions include a requirement for consumers or their attorneys to disclose contracts for nonrecourse civil litigation funding to relevant parties and entities, as well as a continuing obligation to update such disclosures when contracts are amended or newly entered. The bill also outlines the responsibilities of the Secretary of State regarding the registration and oversight of civil litigation funding companies, including the authority to deny or revoke registration based on certain criteria and the requirement for annual reporting on funding activities. The original sections of the statutes being amended are repealed to incorporate these changes.

Statutes affected:
Introduced: 25-3301, 25-3302, 25-3309