IN HB1274

Establishes a regulatory framework for consumer legal funding transactions, where companies provide nonrecourse funding to plaintiffs in civil lawsuits in exchange for a contingent right to receive a portion of any settlement or damages award

Requires consumer legal funding contracts to include specific disclosures in 12-point bold type, including the total funding amount, itemized fees, and payment schedules at 180-day intervals for up to 1,080 days

Grants consumers a 5-business-day cancellation period following the funding date, and mandates that consumers owe nothing if their legal action produces no proceeds

Prohibits consumer legal funding companies from paying referral fees to attorneys or medical providers, interfering with litigation decisions, funding class action lawsuits, or collecting deficiencies beyond case proceeds

Authorizes the Indiana Attorney General to enforce violations as deceptive acts, with remedies including injunctions, civil penalties up to $10,000 per violation, and recovery of investigation and litigation costs