SB3322ham004 96TH GENERAL ASSEMBLY

Rep. Lou Lang

Filed: 1/6/2011

09600SB3322ham004 LRB096 17078 CEL 44798 a

AMENDMENT TO SENATE BILL 3322

AMENDMENT NO. ______. Amend Senate Bill 3322, AS AMENDED, with reference to page and line numbers of House Amendment No. 2, as follows:

on page 11, line 5, after "claims", by inserting ", attorney fees, attorney liens,"; and

on page 12, by replacing lines 2 through 5, with the following:

"of the legal claim. If a lawyer or law firm represents one or more consumers with outstanding civil litigation fundings from the same civil litigation funding company, that civil litigation funding company may not provide any type of funding to the lawyer or law firm."; and

on page 13, line 14, after "permitted.", by inserting "The civil litigation funding company is prohibited from advancing, loaning, assigning, or otherwise providing funds, directly or indirectly, to any attorney, law firm, or related entity for the purposes of researching, investigating, developing, prosecuting, or otherwise representing parties in class action mass tort litigation."; and

on page 20, by replacing lines 16 through 24, with the following:

"(e) No licensee shall conduct the business of providing non-recourse civil litigation funding under this Act within any office, suite, room, or place of business in which any other business is solicited or engaged unless the other business is licensed by the Department and, in the opinion of the Secretary, the other business would not be contrary to the best interests of consumers and is authorized by the Secretary in writing.".