West Virginia Code > Chapter 46A > Article 6H – Transfers of Right to Receive Future Payments


46A-6H-1	Definitions
46A-6H-2	Disclosure requirements prior to transfer
46A-6H-3	Requirement of court approval for certain structured settlement transfers
46A-6H-4	Prohibiting transfer agreements of workers’ compensation claims and other transfer agreements that contravene law
46A-6H-5	Right of recision
46A-6H-6	Remedies; effective date; nonwaiver
46A-6H-7	Protection from liability to consumer
46A-6H-8	Registration with the Secretary of State

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Terms Used In West Virginia Code > Chapter 46A > Article 6H - Transfers of Right to Receive Future Payments

Annual percentage rate: The cost of credit at a yearly rate. It is calculated in a standard way, taking the average compound interest rate over the term of the loan so borrowers can compare loans. Lenders are required by law to disclose a card account's APR. ^{Source: FDIC}
Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
in writing: includes any representation of words, letters, or figures, whether by printing, engraving, writing, or otherwise. See West Virginia Code 2-2-10
Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Service of process: The service of writs or summonses to the appropriate party.
Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
State: when applied to a part of the United States and not restricted by the context, includes the District of Columbia and the several territories, and the words "United States" also include the said district and territories. See West Virginia Code 2-2-10