A consumer litigation funding contract must contain the disclosures specified in this section, which shall constitute material terms of the contract. Except as otherwise provided in this section, the disclosure shall be typed in at least 12-point bold type or font and be placed clearly and conspicuously within the contract, as follows:

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Terms Used In Nevada Revised Statutes 604C.360

  • Contract: A legal written agreement that becomes binding when signed.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.

1.  On the front page of the contract under appropriate headings, language specifying:

(a) The funded amount to be paid to the consumer by the consumer litigation funding company;

(b) An itemization of one-time charges and fees;

(c) The maximum total amount to be assigned by the consumer to the company, including, without limitation, the funded amount and all charges and fees; and

(d) A payment schedule to include the funded amount, charges and fees, listing all dates and the amount due at the end of each 180-day period from the funding date, until the date the maximum amount is due to the company by the consumer to satisfy the amount due under the consumer litigation funding contract.

2.  Within the body of the contract, substantially the following form:

3.  Within the body of the contract, in substantially the following form:

4.  Within the body of the contract, in all capital letters and in at least a 12-point bold type or font contained within a box:

5.  Located immediately above the place on the contract where the signature of the consumer is required, in 12-point bold type or font:

6.  Within the body of the contract, in substantially the following form: