S 0390 General Bill, By Kimpson
Summary: Consumer litigation funding company
    A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 37-3-414 SO AS TO REQUIRE A CONSUMER LITIGATION FUNDING COMPANY TO MAKE CERTAIN DISCLOSURES ON A LITIGATION FINANCING CONTRACT, TO PROHIBIT A CONSUMER LITIGATION FUNDING COMPANY FROM TAKING CERTAIN ACTIONS, TO REQUIRE A CONSUMER LITIGATION FUNDING COMPANY TO PROVIDE NOTICE AND DOCUMENTS TO A CONSUMER'S ATTORNEY IF THE CONSUMER IS REPRESENTED BY COUNSEL, AND TO REQUIRE A CONSUMER LITIGATION FUNDING COMPANY TO SUBMIT AN ANNUAL REPORT CONTAINING CERTAIN INFORMATION RELATED TO THE COMPANY'S BUSINESS AND OPERATIONS.
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02/08/17	Senate	Introduced and read first time (Senate Journal-page 9)
02/08/17	Senate	Referred to Committee on Banking and Insurance (Senate Journal-page 9)