An Act relative to structured settlement payment protections
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to protect the payments made under structured settlements in Massachusetts. Structured settlements provide a stream of payments over time, often used in cases of personal injury or disability. The bill seeks to ensure that these payments are not disrupted or unfairly altered, safeguarding the financial security of recipients.
Key provisions
- The bill intends to establish protections for structured settlement payments.
- It focuses on preventing changes to the terms of structured settlement agreements.
- The legislation seeks to ensure consistent and reliable payment schedules.
- It may address potential issues related to the administration and enforcement of structured settlement agreements.
Who is affected
- Individuals receiving structured settlement payments
- Financial institutions managing structured settlements
- Legal professionals involved in structured settlement agreements
Notable changes
- The bill introduces protections for structured settlement payments.
- It may clarify existing legal frameworks surrounding structured settlements.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours