1. "Consumer litigation funding company" or "company" means a person that enters into a consumer litigation funding transaction with a consumer.
2. The term does not include:
(a) An immediate family member of a consumer;
(b) An attorney or accountant who provides services to a consumer;
(c) A medical provider that provides medical services on the basis of a lien against any potential litigation recovery;
(d) A medical factoring company; or
(e) A financial institution or similar entity:
(1) That provides financing to a consumer litigation funding company; or
(2) To which a consumer litigation funding company grants a security interest or transfers any right or interest in a consumer litigation funding transaction.
(Added to NRS by 2019, 2400)
Structure Nevada Revised Statutes
Chapter 604C - Consumer Litigation Funding
NRS 604C.020 - "Advertise" defined.
NRS 604C.030 - "Applicant" defined.
NRS 604C.040 - "Charges" defined.
NRS 604C.050 - "Commissioner" defined.
NRS 604C.060 - "Consumer" defined.
NRS 604C.070 - "Consumer litigation funding" defined.
NRS 604C.080 - "Consumer litigation funding company" or "company" defined.
NRS 604C.090 - "Consumer litigation funding contract" defined.
NRS 604C.100 - "Consumer litigation funding transaction" defined.
NRS 604C.110 - "Document preparation fee" defined.
NRS 604C.120 - "Funded amount" defined.
NRS 604C.130 - "Funding date" defined.
NRS 604C.140 - "Immediate family member" defined.
NRS 604C.150 - "Legal claim" defined.
NRS 604C.160 - "Licensee" defined.
NRS 604C.170 - "Resolution date" defined.
NRS 604C.220 - Assignment of legal claim; applicability.
NRS 604C.240 - Applicability of attorney-client relationship.
NRS 604C.320 - License required.
NRS 604C.330 - Licensee must conduct business in accordance with license.
NRS 604C.340 - Application to persons seeking to evade certain provisions.
NRS 604C.350 - Written consumer litigation funding contract required; contents.
NRS 604C.370 - Additional required disclosures.
NRS 604C.380 - Notice of cancellation of consumer litigation funding contract.
NRS 604C.390 - Required assets.
NRS 604C.400 - Registered agent.
NRS 604C.500 - Application for license.
NRS 604C.550 - Investigation of applicant; notice; hearing; order; request hearing; regulations.
NRS 604C.560 - Issuance of license.
NRS 604C.580 - License not transferable or assignable.
NRS 604C.600 - Required books and records.
NRS 604C.610 - Annual examinations by Commissioner; fees for examination.
NRS 604C.620 - Independent audit and examination: Payment of assessment; cooperation.
NRS 604C.630 - Fees for audit.
NRS 604C.800 - Remedies for certain willful violations.
NRS 604C.810 - Commissioner to enforce chapter; penalties.
NRS 604C.830 - Suspension or revocation of license by Commissioner.
NRS 604C.840 - Administrative fines.
NRS 604C.850 - Contract void if deceptive and abusive violation.