WI AB715

Regulates nonrecourse civil litigation advances (lawsuit funding) by requiring written contracts, capping advances at $100,000 per consumer, limiting finance charges to prime rate plus 10%, and requiring repayment within 36 months

Requires contracts to disclose annual percentage rates, one-time fees, cancellation rights (5 business days), and must state that companies cannot participate in litigation decisions or collect if the consumer loses

Prohibits litigation funding companies from paying referral fees or commissions to attorneys or health care providers

Bans parties and attorneys in civil actions from receiving litigation funding sourced directly or indirectly from foreign states, foreign citizens, agents of foreign principals, or sovereign wealth funds

Violations carry civil forfeitures of $25-$5,000 per violation for funding companies, with willful violators forfeiting their right to collect; courts may impose forfeitures up to the full funding amount for foreign financing violations