31-4-119. Act violation -- unenforceable contract.
78 words·~1 min read·
/mt/title-31/chapter-4/part-1/31-4-119·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
31-4-119 . Act violation -- unenforceable contract.
(1)Any violation of this part by the litigation financer renders the litigation financing contract unenforceable by the litigation financer or any successor-in-interest to the litigation financing contract.
(2)If a litigation financer charges a rate of interest that exceeds the rate of interest allowed under 31-1-107 , the litigation financer shall be subject to a penalty for usury and an action to recover excessive interest as authorized under 31-1-108 .