Bill Title: Civil proceeding advance payment transactions. Defines a "civil proceeding advance payment transaction", or "CPAP transaction", as a nonrecourse transaction in which a person (CPAP provider) provides to a consumer claimant in a civil proceeding a funded amount, the repayment of which is: (1) required only if the consumer claimant prevails in the civil proceeding; and (2) sourced from the proceeds of the civil proceeding. Requires a CPAP provider to register with the department of financial institutions (department). Sets forth requirements, including disclosure requirements, for a contract (CPAP contract) entered into by a CPAP provider and a consumer claimant. Sets forth

Spectrum: Bipartisan Bill

Status: (Enrolled - Dead) 2015-04-21 - House Advisors appointed: Eberhart, Washburne and DeLaney [SB0373 Detail]

Text: Latest bill text (Engrossed) [PDF]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Randall Head [R]	Primary	Sponsored Bills	SD-018	FollowTheMoney	Ballotpedia	VoteSmart
Senator Michael Young [R]	Primary	Sponsored Bills	SD-035	FollowTheMoney	Ballotpedia	VoteSmart
Senator Greg Taylor [D]	Cosponsor	Sponsored Bills	SD-033	FollowTheMoney	Ballotpedia	VoteSmart
Representative Matthew Lehman [R]	Primary	Sponsored Bills	HD-079	FollowTheMoney	Ballotpedia	VoteSmart
Representative Terri Jo Austin [D]	Primary	Sponsored Bills	HD-036	FollowTheMoney	Ballotpedia	VoteSmart

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