The Issue

The practice of lawsuit lending seeks out consumers who have filed lawsuits and offer to pay them up-front money in exchange for a percentage of whatever award they may later receive in their lawsuit. Litigation financing companies prey on vulnerable consumers – people who are often injured and unable to work, with no financial support, and desperate for cash. These companies force the consumer to agree to unfair terms that ultimately result in the consumers receiving little, if any, of the award for their injuries.

The Solution

LRANY supports the prohibition of lawsuit lending or strict regulation under consumer protection laws.

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For legislative memos and information, visit our Legislative Resources page.