TN SB3161

Legislative Description

As introduced, prohibits lenders from entering into transactions in which a person or entity, for certain consideration, provides funds to another person involved in a legal action and the person receiving the funds assigns to the person or entity the contingent right to receive a part of the proceeds or the legal action's settlement or award; voids contracts resulting from such transactions; makes such prohibited behavior a violation of the Consumer Protection Act of 1977. - Amends TCA Title 45 and Title 47, Chapter 18.

Consumer Protection

Last Action

Committee Referrals