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NH HB733

Bill

Status

Engrossed

4/11/2025

Primary Sponsor

Brian Cole

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Creates the "Third-Party Litigation Funding Transparency Act" establishing regulations for commercial litigation financing agreements in New Hampshire

  • Prohibits commercial litigation financiers from entering into agreements directly or indirectly with foreign entities of concern, including those on U.S. sanctions lists or designated as foreign terrorist organizations

  • Requires claimants or their attorneys to disclose any commercial litigation financing agreements to all parties in a civil action without waiting for a discovery request, including to insurers with potential duties to defend or indemnify

  • Defines commercial litigation financing agreements as written contracts where a third party provides funds in exchange for an interest in lawsuit proceeds, excluding consumer legal funding, contingency fee arrangements, and traditional bank loans

  • Takes effect January 1, 2026, and has no fiscal impact on state, county, or local expenditures or revenue

Legislative Description

Relative to reporting requirements for persons or entities financing lawsuits.

Last Action

Refer to Interim Study, Motion Adopted, Voice Vote; 01/07/2026; Senate Journal 1

1/7/2026

Committee Referrals

Judiciary4/11/2025
Finance3/13/2025
Commerce and Consumer Affairs1/28/2025
Judiciary1/22/2025

Full Bill Text

No bill text available