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Key Votes

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

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

Read statements Bob Behning made in this general time period.

Timeline

Issues Related to HB 1127

Stage Details

Legislation - Signed (Executive) -

Title: Establishes Regulations on Lawsuit Funding Practices

Legislation - Conference Report Adopted (House) (63-32) - (Key vote)
See How Your Politicians Voted

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)
See How Your Politicians Voted

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) (-) -
Legislation - Bill Passed (House) (-) -
Legislation - Introduced (House) -

Title: Establishes Regulations on Lawsuit Funding Practices

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