HF 210: Regulating litigation financing contracts, and including effective date and applicability provisions

What it does

This bill creates the litigation financing transparency and consumer protection Act. The bill requires the registration of litigation financers with the secretary of state. The bill provides registration requirements and procedures for the litigation financer. The bill provides that all documents and information filed with the secretary of state pursuant to the registration of the ligation financer are public records. The bill provides limitations on how a litigation financer may conduct business.

House subcommittee · named February 17, 2025

• Rep. Judd Lawler (R) · judd.lawler@legis.iowa.gov
• Rep. Carter F. Nordman (R) · carter.nordman@legis.iowa.gov
• Rep. Ross Wilburn (D) · ross.wilburn@legis.iowa.gov

Lobbying · 19 for, 3 against

For: Alliance for Responsible Consumer Legal Funding; American Legal Finance Association; American Property Casualty Insurance Association (APCIA); Bayer U.S. LLC; COPIC; Grinnell Mutual Reinsurance Company; Helena Agri-Enterprises, LLC; Iowa Association of Business and Industry (ABI); Iowa Defense Counsel Association; Iowa Independent Physician Group; Iowa Insurance Associates; Iowa Insurance Institute; and 7 more

Against: American Legal Finance Association; International Legal Finance Association; Iowa Academy of Trial Lawyers

In plain words

1. February 6, 2025Filed in the House and sent to the Judiciary committee
2. February 11, 2025House subcommittee named: Lawler, Gustoff and Wilburn
3. February 17, 2025House subcommittee named: Lawler, Nordman and Wilburn