HB 2255 — Concerning litigation finance.

What this bill does

Imposes requirements on, and prohibits certain acts by, third-party litigation funders as part of litigation financing agreements. Declares violations of third-party litigation financing requirements to be a violation of the Washington Consumer Protection Act (CPA) and enables enforcement and recovery under the CPA. Authorizes statutory damages and other remedies to enforce the requirements on third-party litigation financing.

From the Washington State Legislature's nonpartisan staff bill analysis. Read the full analysis ↗

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