436.558. Predetermined payment to company, amount — limitation on length of contract term. — 1. The contracted amount to be paid to the consumer legal funding company shall be set as a predetermined amount based upon intervals of time from the funding date to the resolution date and shall not be determined as a percentage of the recovery from the legal claim.
2. No consumer legal funding contract shall be valid if its terms exceed a period of forty-eight months. No consumer legal funding contract shall be automatically renewed.
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(L. 2023 S.B. 103)
---- end of effective 28 Aug 2023 ----
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