MA H1863

Requires court approval for all transfers of structured settlement payment rights, with mandatory findings that the transfer is in the payee's best interest and the net amount payable is fair and reasonable

Mandates structured settlement purchase companies register annually with the Attorney General and comply with detailed disclosure requirements, including providing payees with a 14-point bold disclosure statement at least 10 days before any obligation is incurred

Prohibits purchase companies from coercing, bribing, or defrauding payees; contacting payees before 8am or after 9pm; soliciting with fake checks; or referring payees to specific professional advisors

Requires court appointment of an attorney for transfers involving minors or protected persons (individuals with mental/cognitive impairments, under guardianship, or lacking capacity), with transfer proceeds limited to support, care, education, health, and welfare purposes

Effective January 1, 2027, and authorizes courts to revoke or suspend company registrations and the Attorney General to bring civil enforcement actions for violations