Legal funding definition
Legal funding means a transaction in which a company makes a cash payment to a consumer in exchange for the right to receive an amount out of the potential proceeds of any realized settlement, judgment, award or verdict the consumer may receive in a civil claim or action. If no proceeds in the civil claim or action are received, the consumer is not required to pay the company.
Legal funding means a payment of $500,000 or less to an individual in exchange for the right to receive an amount out of the potential proceeds of any realized settlement, judgement, award, or verdict the individual may receive in a civil legal action." Utah Code § 13-57-102(6). 2 "'Individual' means a person who: (a) resides in this state; and (b) has or may have a pending legal action in this state." Utah Code § 13-57- 102(5).
Legal funding means a payment of $500,000 or less to an individual in exchange for the right to receive an amount out of the potential proceeds of any realized settlement, judgment, award, or verdict the individual may receive in a civil legal action.
More Definitions of Legal funding
Legal funding means any amounts loaned to a person involved in a legal action where the person assigns to the legal funding provider the contingent right to receive a part of the proceeds of a settlement, insurance payment, or award of damages obtained in the person’s legal action;
Legal funding means a payment to an individual in exchange for the right to
Legal funding means a payment of $500,000 or less to an individual in exchange for the right to
Legal funding means a payment to {a consumer}an individual in exchange for the right to receive an amount out of the potential proceeds of any realized settlement, judgment, award, or verdict the {consumer}individual may receive in a civil legal action.
Legal funding means a transaction in which a company makes
Legal funding means a payment to a consumer in exchange for the right to
Legal funding means a payment of $500,000 or less to an individual in exchange