If, in connection with a transfer of structured settlement payment rights, a structured settlement obligor imposes total fees and charges in excess of $350, the structured settlement obligor shall submit a statement to the payee and the transferee identifying each person who performed work in connection with the transfer, specifying to the tenth of an hour the amount of work the person performed, and specifying a reasonable hourly fee for the person’s 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