TX SB3025

Requires mandatory disclosure of third-party litigation financing agreements to all parties in civil actions where such financing is provided

Defines "third-party litigation financing" as funding provided to litigants where repayment is contingent on and sourced from the proceeds of the civil action (through judgment, settlement, or otherwise)

Defines "financing" broadly to include monetary or in-kind support for lawsuits, including payments to attorneys, expert witnesses, and litigation costs, regardless of whether characterized as loans, advances, or purchases

Excludes from the disclosure requirement: traditional law firm credit extensions with non-contingent repayment obligations, and standard contingent fee arrangements between attorneys and clients

Directs the Texas Supreme Court to adopt implementing rules by December 31, 2019, applying only to civil actions filed after the rules take effect; the Act takes effect September 1, 2025