Lawsuit Lending Facts



National Black Caucus of State Legislators Passes Resolution Calling for Alignment of Consumer Lawsuit Lending

December 16, 2013

The National Black Caucus of State Legislators (NBCSL) has passed a strong Resolution (Number BFI-14-06), calling for the consumer lawsuit lending industry to be brought into alignment with existing state lending laws. 

The Resolution generally mirrors the goals and provisions of the ILR model alignment bill and specifically calls for an interest rate cap and disclosure of the loan to the court and parties in litigation.  Many thanks go to Attorney General Thurbert Baker for his support of this effort.

You can view the resolution here

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