There is a newer version
of
this Statute
2020 Nevada Revised Statutes
Chapter 604C - Consumer Litigation Funding
NRS 604C.100 - "Consumer litigation funding transaction" defined.
Universal Citation: NV Rev Stat § 604C.100 (2020)
"Consumer litigation funding transaction" means a nonrecourse transaction in which:
1. A consumer litigation funding company provides consumer litigation funding to a consumer in an amount that does not exceed $500,000; and
2. The consumer assigns to the company a contingent right to receive an amount of the potential proceeds of a settlement, judgment, award or verdict obtained in the legal claim of the consumer.
(Added to NRS by 2019, 2401)
Disclaimer: These codes may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
