Relating to: nonrecourse civil litigation advances, prohibiting certain foreign persons from financing civil litigation, and providing a penalty.

SB 705 regulates "nonrecourse civil litigation advances," which are cash payments made to individuals (consumers) involved in legal disputes (like lawsuits or settlements) in exchange for a share of future proceeds, without requiring repayment if the case is lost. The bill requires written contracts with specific disclosures (including APR, prepayment rights, and cancellation options), caps finance charges at the weekly prime rate plus 10%, and limits advances to $100,000 per consumer. It prohibits companies from paying referral fees to attorneys or health care providers and ensures consumers can prepay advances with proportional finance charge reductions. Violations incur fines of $25-$5,000 per violation, and willful violations prevent companies from recovering advances or finance charges.