NRS 604C.100 “Consumer litigation funding transaction” defined.
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/nv/chapter-604c-consumer-litigation-funding/604c-100·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 604C.100 “Consumer litigation funding transaction” defined. “Consumer litigation funding transaction” means a nonrecourse transaction in which:
1. A consumer litigation funding company provides consumer litigation funding to a consumer in an amount that does not exceed $500,000; and
2. The consumer assigns to the company a contingent right to receive an amount of the potential proceeds of a settlement, judgment, award or verdict obtained in the legal claim of the consumer.