NJ S4374

Requires parties or attorneys in civil and administrative actions to disclose all third-party litigation funding agreements to all other parties without waiting for a discovery request, with disclosure due at initial pleading or when the agreement is made

Establishes that litigation funders owe a fiduciary duty to the funded party and must agree to be jointly liable for any costs or sanctions imposed against the funded party or their attorney

Caps litigation funder compensation at 25% of any settlement, judgment, or award, and limits combined funder payment plus attorney fees to 50% of monetary relief without the funded party's express consent

Prohibits litigation funders from influencing case decisions, providing legal advice, selecting attorneys, or assigning/securitizing funding agreements

Violations constitute unfair or deceptive practices under consumer protection law, render agreements unenforceable, and may result in court-imposed sanctions; pre-settlement funding for personal living expenses is exempt from the act