MO SB360

Requires civil litigation funding companies to register with the Missouri Department of Insurance, Financial Institutions and Professional Registration, with initial $500 application fees and $200 biennial renewal fees, plus a potential bond of up to $50,000

Caps total repayment (original funding plus all charges) at 33% of the settlement or resolution amount, with contracts limited to a maximum 36-month term and no automatic renewals

Grants consumers a 5-business-day right to cancel contracts without penalty by returning the full disbursed funds

Prohibits funding companies from paying or receiving referral fees to/from attorneys, medical providers, chiropractors, or physical therapists, and bars them from influencing litigation decisions or settlement negotiations

Mandates specific contract disclosures in 12-point bold font, including funded amounts, itemized charges, payment schedules, and a prominent statement that repayment is only due from legal claim proceeds