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GA SB69
Bill
Status
4/21/2025
Primary Sponsor
John Kennedy
Click for details
AI Summary
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Requires third-party litigation financiers to register with the Georgia Department of Banking and Finance and prohibits registration by entities affiliated with foreign adversaries, foreign principals, or sovereign wealth funds designated under federal law
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Prohibits litigation financiers from directing litigation decisions, paying referral fees to attorneys, recovering more than the plaintiffs' share of proceeds after attorney fees, or assigning/securitizing financing agreements
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Mandates written contracts with specific consumer disclosures in 14-point bold font, including a 5-business-day cancellation right, and makes contracts signed by attorneys on behalf of consumers void
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Creates joint and several liability for financiers providing $25,000 or more in funding for frivolous litigation sanctions, and requires financiers to indemnify plaintiffs against adverse costs and fees
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Allows discovery of litigation financing agreements in civil actions and makes failure to wear a seat belt admissible as evidence of negligence or comparative fault in motor vehicle lawsuits (effective upon Governor's approval, with registration requirements effective January 1, 2026)
Legislative Description
"Georgia Courts Access and Consumer Protection Act"; enact
Last Action
Effective Date 2026-01-01
4/21/2025