FL H7041

Creates the "Litigation Financing Consumer Protection Act" requiring litigation financiers to register with the Florida Department of State and maintain a $250,000 surety bond before operating in the state

Caps interest rates at 30% per annum (simple interest) on funded amounts of $500,000 or less, with interest accrual limited to 3 years maximum, and limits total fees and charges to $500 per civil action or claim

Prohibits litigation financiers from paying or accepting referral fees, directing litigation strategy, assigning contracts, or providing legal advice to consumers

Requires extensive consumer disclosures including a 5-business-day right to cancel without penalty, itemized fees, total amounts due at 6-month intervals, and prominent warnings about consulting an attorney before signing

Mandates automatic disclosure of litigation financing contracts to opposing parties in civil actions and classifies violations as unfair and deceptive trade practices under Florida law