NRS 604C.310 Limitations on amount to be paid to consumer litigation funding company under consumer litigation funding contract.
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NRS 604C.310 Limitations on amount to be paid to consumer litigation funding company under consumer litigation funding contract.
1. A consumer litigation funding company shall require the amount to be paid to the company under a consumer litigation funding contract to be set as a predetermined amount based upon intervals of time from the funding date though the resolution date. The amount must not exceed the funded amount plus charges not to exceed a rate of 40 percent annually.
2. The amount to be paid to a company under a consumer litigation funding contract must not be determined as a percentage of the recovery of the legal claim of a consumer.