§ 25-3304 Civil litigation funding company; prohibited acts

Codes > Nebraska Revised Statutes > Chapter 25 > Article 33 > 25-3304 Civil

25-3304. Civil litigation funding company; prohibited acts

    (1) The civil litigation funding company shall not pay or offer to pay commissions or referral fees to any attorney or employee of a law firm or to any medical provider, chiropractor, or physical therapist or their employees for referring a consumer to the civil litigation funding company.

    (2) The civil litigation funding company shall not accept any commissions, referral fees, or rebates from any attorney or employee of a law firm or any medical provider, chiropractor, or physical therapist or their employees.

    (3) The civil litigation funding company shall not advertise false or intentionally misleading information regarding such company's product or services.

    (4) The civil litigation funding company shall not knowingly provide nonrecourse civil litigation funding to a consumer who has previously sold and assigned an amount of such consumer's potential proceeds from the legal claim to another civil litigation funding company without first buying out that civil litigation funding company's entire accrued balance unless otherwise agreed in writing by the civil litigation funding companies and the consumer.