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IA SF2419

Bill

Official Source

Status

Introduced

2/23/2026

Primary Sponsor

Judiciary

Click for details

Origin

Senate

91st General Assembly

AI Summary

  • Establishes the "Third-Party Litigation Funding Transparency Act" creating state regulations for consumer litigation funding transactions in Iowa
  • Requires consumer litigation funding companies to register with the state and comply with disclosure requirements regarding fees, charges, and contract terms
  • Sets forth attorney responsibilities and limitations, prohibiting attorneys from having financial interests in litigation funding companies that fund their clients
  • Mandates disclosure of commercial litigation financing agreements in civil actions and prohibits certain practices by commercial litigation financiers
  • Exempts nonprofit organizations providing pro bono legal representation, health insurers, medical providers, and financial institutions making non-contingent loans from the regulations

Legislative Description

A bill for an act relating to third-party litigation funding and including applicability provisions.(Formerly SF 586, SF 54.)

Last Action

Subcommittee: Bousselot, Quirmbach, and Schultz. S.J. 489.

3/5/2026

Committee Referrals

Ways and Means3/5/2026

Full Bill Text

No bill text available