This bill modifies provisions related to maintenance funding agreements.
This bill:
- defines terms;
- distinguishes between consumer maintenance funding agreements and commercial maintenance funding agreements;
- requires maintenance funding providers to register with the Division of Consumer Protection;
- extends the right of rescission for a consumer maintenance funding agreement;
- imposes disclosure requirements in connection with consumer and commercial maintenance funding agreements;
- restricts certain relationships between attorneys and maintenance funding providers;
- prohibits maintenance funding arrangements involving foreign entities or persons of concern;
- establishes priority and assignability provisions relating to maintenance funding interests;
- restricts a commercial maintenance funding provider from directing or controlling litigation decisions;
- provides for enforcement, penalties, and rulemaking;
- provides a coordination clause to substantively and technically coordinate changes between this bill and S.B. 38, Consumer Protection Modifications, and
- makes technical and conforming changes.

Statutes affected:
Introduced: 13-57-102, 13-57-201, 13-57-202, 13-57-203, 13-57-301, 13-57-302, 13-57-401, 13-57-402, 13-57-501, 13-57-502, 13-57-503
Substitute #1: 13-57-102, 13-57-201, 13-57-202, 13-57-203, 13-57-301, 13-57-302, 13-57-501
Substitute #2: 13-57-102, 13-57-201, 13-57-202, 13-57-203, 13-57-301, 13-57-302, 13-57-501
Enrolled: 13-57-102, 13-57-201, 13-57-202, 13-57-203, 13-57-301, 13-57-302, 13-57-501
Substitute #3: 13-57-102, 13-57-201, 13-57-202, 13-57-203, 13-57-301, 13-57-302, 13-57-501