NRS 604C.080 “Consumer litigation funding company” or “company” defined.
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NRS 604C.080 “Consumer litigation funding company” or “company” defined.
1. “Consumer litigation funding company” or “company” means a person that enters into a consumer litigation funding transaction with a consumer.
2. The term does not include:
(a)An immediate family member of a consumer;
(b)An attorney or accountant who provides services to a consumer;
(c)A medical provider that provides medical services on the basis of a lien against any potential litigation recovery;
(d)A medical factoring company; or
(e)A financial institution or similar entity:
(1)That provides financing to a consumer litigation funding company; or
(2)To which a consumer litigation funding company grants a security interest or transfers any right or interest in a consumer litigation funding transaction.