H1863
An Act relative to structured settlement payment protections
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- Passed House
- Passed Senate
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Bill overview
This bill, An Act relative to structured settlement payment protections, aims to safeguard the consistent and reliable payment of structured settlement agreements in Massachusetts. It seeks to establish clear guidelines and protections to ensure that individuals receiving structured settlements receive their payments as originally agreed upon, preventing disruptions or modifications to these long-term financial arrangements. The bill’s purpose is to provide stability and predictability for recipients of structured settlements.
Key provisions
- Establishes standards for structured settlement agreements.
- Protects against unauthorized modifications to payment schedules.
- Requires financial institutions to ensure consistent payment terms.
- Addresses potential disputes related to structured settlement payments.
- Creates a framework for resolving issues concerning structured settlement agreements.
Who is affected
- Individuals receiving structured settlements.
- Financial institutions managing structured settlements.
- Insurance companies offering structured settlements.
- Legal professionals involved in structured settlement agreements.
Notable changes
- Likely clarifies existing regulations regarding structured settlements.
- May establish a process for dispute resolution.
- Could provide greater certainty for recipients of structured settlements.
Sponsors
Official sponsors from legislative records.
Primary sponsor
John J. Mahoney
Cosponsor
John J. Mahoney
Arguments in favor
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Bill H.1863 194th (Current)
An Act relative to structured settlement payment protections
By Representative Mahoney of Worcester, a petition (accompanied by bill, House, No. 1863) of John J. Mahoney relative to structured settlement payment protections. The Judiciary.
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Bill Information
Bill Information
Presenter: John J. Mahoney
Tabs
Bill History Petitioners Committee Vote Committee Summary Hearing Attendance
Bill History
Displaying 8 actions for Bill H.1863
| Date | Branch | Action |
| 2/27/2025 | House | Referred to the committee on The Judiciary |
| 2/27/2025 | Senate | Senate concurred |
| 7/16/2025 | Joint | Hearing scheduled for 07/29/2025 from 01:00 PM-05:00 PM in A-2 |
| 7/29/2025 | Joint | Hearing rescheduled to 07/29/2025 from 01:00 PM-06:00 PM in A-2 and Virtual Hearing updated to New End Time |
| 7/29/2025 | Joint | Hearing rescheduled to 07/29/2025 from 01:00 PM-05:10 PM in A-2 and Virtual Hearing updated to New End Time |
| 10/20/2025 | Joint | Hearing scheduled for 07/29/2025 from 01:00 PM-05:10 PM in A-2 |
| House | Reported by committee to Clerk’s Office for processing, will accompany a study order | |
| 3/26/2026 | House | Accompanied a study order, see H5281 (under House Rule 27) |
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