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2022 Nevada Revised Statutes
Chapter 604C - Consumer Litigation Funding
NRS 604C.310 - Limitations on amount to be paid to consumer litigation funding company under consumer litigation funding contract.
Universal Citation: NV Rev Stat § 604C.310 (2022)
1. A consumer litigation funding company shall require the amount to be paid to the company under a consumer litigation funding contract to be set as a predetermined amount based upon intervals of time from the funding date though the resolution date. The amount must not exceed the funded amount plus charges not to exceed a rate of 40 percent annually.
2. The amount to be paid to a company under a consumer litigation funding contract must not be determined as a percentage of the recovery of the legal claim of a consumer.
(Added to NRS by 2019, 2405)
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