SD HB1142

Requires parties in civil lawsuits to disclose to the court and opposing parties the identity of any third party (other than their attorney) entitled to receive payment contingent on the case outcome, along with copies of any such agreements

Disclosures must be made within 10 days of executing a contingent payment agreement or at the time of filing the lawsuit, whichever is later

Exempts standard loan repayments, loans with interest rates at or below 7% (or twice the 30-year Treasury yield), and attorney contingency fee arrangements from disclosure requirements

Imposes ongoing duty to correct or supplement disclosures if they become materially incomplete or incorrect

Preserves parties' ability to seek litigation funding information through the standard discovery process