H1182
An Act relative to litigation financing
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill aims to regulate litigation financing in Massachusetts. It directs the Division of Banks and Financial Services to oversee and potentially regulate entities involved in providing financial support to plaintiffs in legal cases. The goal is to ensure transparency and protect consumers and businesses from potentially unfair practices associated with litigation financing. The bill also includes a study order related to H.5224.
Key provisions
- Requires the Division of Banks and Financial Services to regulate litigation financing.
- Establishes a framework for oversight of litigation financing activities.
- Mandates transparency in litigation financing agreements.
- Includes a study order to examine the impact of litigation financing.
- Addresses potential consumer and business protections related to litigation financing.
Who is affected
- Litigation financing companies
- Plaintiffs in legal cases
- Businesses and consumers involved in lawsuits
- The Division of Banks and Financial Services
Notable changes
- Introduces regulation of a previously largely unregulated area of the legal system.
- Creates a mechanism for oversight of litigation financing agreements.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Danielle W. Gregoire
Cosponsor
Danielle W. Gregoire
Arguments in favor
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Bill H.1182 194th (Current)
An Act relative to litigation financing
By Representative Gregoire of Marlborough, a petition (accompanied by bill, House, No. 1182) of Danielle W. Gregoire relative to regulation of litigation financing by the Division of Banks. Financial Services.
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Bill Information
Bill Information
Presenter: Danielle W. Gregoire
Tabs
Bill History Petitioners Hearing Attendance
Bill History
Displaying 5 actions for Bill H.1182
| Date | Branch | Action |
| 2/27/2025 | House | Referred to the committee on Financial Services |
| 2/27/2025 | Senate | Senate concurred |
| 9/25/2025 | Joint | Hearing scheduled for 10/07/2025 from 10:30 AM-01:00 PM in A-2 |
| 10/7/2025 | Joint | Hearing rescheduled to 10/07/2025 from 10:30 AM-01:10 PM in A-2 and Virtual Hearing updated to New End Time |
| 3/12/2026 | House | Accompanied a study order, see H5224 |
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