ARTICLE 17. The California Consumer Legal Funding Act [6250. - 6256.]

Article 17 added by Stats. 2025, Ch. 565, Sec. 3.

§§ 6250–6256 · 7 sections

• § 6250 (a) “Charges” means the amount of money to be paid to the consumer legal funding company by or on behalf of the consumer, above the funded amount provided by…
• § 6251 (a) (1) All consumer legal funding transactions shall be codified in a written contract. (2) If the consumer legal funding contract was negotiated in a…
• § 6252 (a) All contracts for a consumer legal funding transaction shall disclose material terms to the consumer, including, but not limited to, all of the following:…
• § 6253 The contracted amount to be paid to the consumer legal funding company shall be a predetermined amount based upon intervals of time from the funding date…
• § 6254 (a) A consumer legal funding company shall be prohibited from doing any of the following: (1) Paying or offering to pay commissions, referral fees, or other…
• § 6255 The contingent right to receive an amount of the potential proceeds of a legal claim is assignable by a consumer.
• § 6256 (a) An attorney, or the attorney’s immediate family, retained by a consumer shall not have a financial interest in a consumer legal funding company offering…