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Key Votes

HB 1127 - Establishes Regulations on Lawsuit Funding Practices - Key Vote

Indiana Key Votes

Bob Behning voted Yea (Conference Report Vote) on this Legislation.

Read statements Bob Behning made in this general time period.

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Legislation - Conference Report Adopted (House) (63-32) - (Key vote)

Title: Establishes Regulations on Lawsuit Funding Practices

Vote Result
Yea Votes
Nay Votes
Vote Smart's Synopsis:

Vote to adopt a conference report that establishes regulations on lawsuit funding practices.

Highlights:
  • Authorizes a “civil proceeding advance payment” provider to charge the following fees (Sec. 4):
    • A fee of up to 36 percent of the funded amount;
    • A servicing charge of up to 7 percent of the funded amount;
    • A charge of up to $250 to prepare documents, if the funded amount is under $5,000; and
    • A charge of up to $500 to prepare documents, if the funded amount is over $5,000.
  • Defines “civil proceeding advance payment” as a transaction in which a payment provider provides funds to a plaintiff in a civil proceeding for any purpose other than prosecuting the civil proceeding (Sec. 3).
  • Specifies that a civil proceeding advance payment transaction is not a consumer loan (Sec. 3).

 

Legislation - Conference Report Adopted (Senate) (40-10) - (Key vote)

Title: Establishes Regulations on Lawsuit Funding Practices

Vote Result
Yea Votes
Nay Votes
Vote Smart's Synopsis:

Vote to adopt a conference report that establishes regulations on lawsuit funding practices.

Highlights:
  • Authorizes a “civil proceeding advance payment” provider to charge the following fees (Sec. 4):
    • A fee of up to 36 percent of the funded amount;
    • A servicing charge of up to 7 percent of the funded amount;
    • A charge of up to $250 to prepare documents, if the funded amount is under $5,000; and
    • A charge of up to $500 to prepare documents, if the funded amount is over $5,000.
  • Defines “civil proceeding advance payment” as a transaction in which a payment provider provides funds to a plaintiff in a civil proceeding for any purpose other than prosecuting the civil proceeding (Sec. 3).
  • Specifies that a civil proceeding advance payment transaction is not a consumer loan (Sec. 3).

 

Legislation - Nonconcurrence Vote (House) -
Legislation - Bill Passed With Amendment (Senate) (38-12) -
Legislation - Bill Passed (House) (60-34) -
Legislation - Introduced (House) -

Title: Establishes Regulations on Lawsuit Funding Practices

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