(a) If, in any proposed transfer of structured settlement payment rights, the structured settlement was established in resolution of a tort claim seeking compensation for cognitive injuries, including any claim arising from childhood exposure to lead paint, the transferee shall:
(1) Notify the court, in the petition filed under this subtitle, that the payee may be cognitively impaired;
(2) Attach to the petition a copy of any complaint that was pending when the structured settlement was established; and
(3) Identify any allegations or statements in the complaint that describe the nature, extent, or consequences of the payee’s cognitive injuries.
(b) (1) In determining whether to authorize a transfer of structured settlement payment rights involving a structured settlement established in resolution of a tort claim seeking compensation for cognitive injuries, including any claim arising from childhood exposure to lead paint, the court shall consider whether to appoint a guardian ad litem for the payee or to require the payee to be examined by an independent mental health specialist designated by the court.
(2) The transferee shall be responsible for the payment of any fees of a guardian ad litem or an independent mental health specialist appointed or designated by the court under this subsection, as set forth in a billing statement specifying to the tenth of an hour the amount of work performed and a reasonable hourly fee for the work.
Structure Maryland Statutes
Courts and Judicial Proceedings
Title 5 - Limitations, Prohibited Actions, and Immunities
Subtitle 11 - Structured Settlements
Section 5-1101.1 - Findings and Declaration of General Assembly
Section 5-1102 - Transfer of Certain Structured Settlement Payment Rights
Section 5-1103 - Jurisdiction; Notice and Application for Authorization
Section 5-1105 - Liability for Payment Upon Authorization of Transfer
Section 5-1106 - Waiver and Construction
Section 5-1107 - Registration as Transferee Required
Section 5-1108 - Application for Registration as Transferee
Section 5-1109 - Acceptance of Application; Bonding
Section 5-1110 - Denial, Suspension or Revocation of Registration