State Codes and Statutes

Statutes > Nebraska > Chapter25 > 25-3304

25-3304. Civil litigation funding company;prohibited acts.(1)The civil litigation funding company shall not pay or offer to pay commissionsor referral fees to any attorney or employee of a law firm or to any medicalprovider, chiropractor, or physical therapist or their employees for referringa consumer to the civil litigation funding company.(2) The civillitigation 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 civillitigation funding company shall not advertise false or intentionally misleadinginformation regarding such company's product or services.(4) The civillitigation funding company shall not knowingly provide nonrecourse civil litigationfunding to a consumer who has previously sold and assigned an amount of suchconsumer's potential proceeds from the legal claim to another civil litigationfunding company without first buying out that civil litigation funding company'sentire accrued balance unless otherwise agreed in writing by the civil litigationfunding companies and the consumer. SourceLaws 2010, LB1094, § 4.Effective Date: July 15, 2010