This bill, known as the "New Hampshire Third-Party Litigation Funding Transparency Act," aims to enhance consumer protections in commercial litigation financing transactions. It introduces a new chapter in the New Hampshire Revised Statutes, establishing definitions and requirements for commercial litigation financiers, including their responsibilities and limitations. Notably, the bill prohibits commercial litigation financiers from entering into agreements with foreign entities or countries of concern. It also mandates that claimants or their attorneys disclose any commercial litigation financing agreements to all parties involved in a civil action, ensuring transparency in such transactions.

Additionally, the bill amends existing law by making violations of the new chapter a violation of the New Hampshire Consumer Protection Act. It clarifies the definitions of terms such as "commercial litigation financier," "commercial litigation financing agreement," and "consumer legal funding," while excluding certain agreements from this definition, such as those involving contingency fee arrangements or health insurers. The act is set to take effect on January 1, 2026, and is projected to have no fiscal impact on state, county, or local expenditures or revenue.