UT HB0280

Distinguishes between consumer maintenance funding agreements (non-recourse transactions with individual plaintiffs) and commercial maintenance funding agreements (funding to business entities affiliated with legal claims), with separate regulatory requirements for each

Requires all consumer maintenance funding providers and regular commercial maintenance funding providers to register with the Division of Consumer Protection and file annual reports detailing transaction volumes, funding amounts, and realized profits

Extends the consumer right of rescission from 5 to 10 business days and requires agreements to be written in clear, everyday language with specific disclosures including a payment schedule showing amounts owed at six-month intervals

Prohibits both consumer and commercial maintenance funding agreements with foreign entities of concern or persons on federal blocked lists, and bars commercial funders from directing or controlling litigation decisions

Establishes that only attorney's liens and Medicare/statutory liens take priority over maintenance funding provider liens, and makes consumer maintenance funding agreements unenforceable if the provider willfully violates the chapter's requirements