An Act providing transparency in third party litigation financing

This bill establishes rules for third-party funding of lawsuits involving individual consumers (like personal injury or wrongful death cases). It requires funding contracts to be written in clear, everyday language, limits interest rates to 36% annually plus a one-time fee, and mandates specific disclosures about costs. The law applies to companies providing these funds and excludes standard attorney fee arrangements, nonprofit legal aid, and business litigation. It aims to prevent deceptive practices by making contract terms transparent and capping excessive fees.