Kentucky
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Senate Bill 148

Actions | Amendments
Last Action recommitted to Judiciary (S)
Title AN ACT relating to nonrecourse civil litigation funding providers.
Bill Documents Bill
Bill Request Number 1344
Sponsor T. Jensen
Summary of Original Version Create new sections of KRS Chapter 367, relating to consumer protection, to regulate the business of nonrecourse civil litigation funding where funds are provided to a civil litigant and repaid only out of the proceeds of the lawsuit; include provisions that address required contractual disclosures and terms, prohibited activities by funding companies, registration of funding companies with the Attorney General, and enforcement authority within the Attorney General's office.
Index Headings of Original Version Attorney General - Civil litigation funding companies, regulation of
Attorneys - Civil litigation funding companies, regulation of
Civil Actions - Civil litigation funding companies, regulation of
Consumer Affairs - Civil litigation funding companies, regulation of
Contracts - Civil litigation funding companies, regulation of
Loans and Credit - Civil litigation funding companies, regulation of
Trade Practices and Retailing - Civil litigation funding companies, regulation of
Proposed Amendments Senate Committee Substitute 1
Senate Committee Amendment 1
Senate Floor Amendment 1

Actions

Top | Amendments
02/08/10
  • introduced in Senate
02/10/10
  • to Judiciary (S)
02/11/10
  • reported favorably, 1st reading, to Calendar with Committee Substitute, committee amendment (1-title)
02/12/10
  • 2nd reading, to Rules
02/16/10
  • floor amendment (1) filed to Committee Substitute
02/22/10
  • recommitted to Judiciary (S)

Proposed Amendments

Top | Actions
Amendment Senate Committee Substitute 1
Summary Retain original provisions with additions to prohibit provider transaction with litigants not represented by an attorney, to allow the Attorney General to expend registration funds to support the AG's required activities under the bill, and to expand the list of activities prohibited to a funding provider.
Index Headings Attorney General - Civil litigation funding companies, regulation of
Attorneys - Civil litigation funding companies, regulation of
Civil Actions - Civil litigation funding companies, regulation of
Consumer Affairs - Civil litigation funding companies, regulation of
Contracts - Civil litigation funding companies, regulation of
Loans and Credit - Civil litigation funding companies, regulation of
Trade Practices and Retailing - Civil litigation funding companies, regulation of

Amendment Senate Committee Amendment 1
Sponsor T. Jensen
Summary Make title amendment.
Index Headings Attorney General - Civil litigation funding companies, regulation of
Attorneys - Civil litigation funding companies, regulation of
Civil Actions - Civil litigation funding companies, regulation of
Consumer Affairs - Civil litigation funding companies, regulation of
Contracts - Civil litigation funding companies, regulation of
Loans and Credit - Civil litigation funding companies, regulation of
Trade Practices and Retailing - Civil litigation funding companies, regulation of

Amendment Senate Floor Amendment 1
Sponsor R. Jones II
Summary Amend to include a health insurance provider's lien among the list of liens that take priority over the repayment of the nonrecourse civil litigation provider.
Index Headings Attorney General - Civil litigation funding companies, regulation of
Attorneys - Civil litigation funding companies, regulation of
Civil Actions - Civil litigation funding companies, regulation of
Consumer Affairs - Civil litigation funding companies, regulation of
Contracts - Civil litigation funding companies, regulation of
Loans and Credit - Civil litigation funding companies, regulation of
Trade Practices and Retailing - Civil litigation funding companies, regulation of

Last updated: 8/28/2019 7:34 AM (EDT)