Nev. Rev. Stat. § 604C.100
“Consumer litigation funding transaction” defined
Nevada · Nevada Revised Statutes Chapter 604C — Consumer Litigation Funding · Status: effective
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- Citation
- Nev. Rev. Stat. § 604C.100, “Consumer litigation funding transaction” defined, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2134166
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Full text
“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.