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NH HB733
Bill
Status
4/11/2025
Primary Sponsor
Brian Cole
Click for details
AI Summary
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Creates the "Third-Party Litigation Funding Transparency Act" establishing regulations for commercial litigation financing agreements in New Hampshire
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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
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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
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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
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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