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A08653 Summary:

BILL NOA08653
 
SAME ASSAME AS S03911-A
 
SPONSORMagnarelli
 
COSPNSR
 
MLTSPNSR
 
Add Art 39-H 899-ccc - 899-ggg, Gen Bus L
 
Establishes contract requirements for third party litigation financing which includes requiring contracts to contain a right of rescission, a written acknowledgement by the attorney retained, a clear outline of the scheduled fee structure and a no penalty provision.
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