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Utah Code Title 13. Commerce and Trade § 13-57-202. Maintenance funding provider operations

Current as of May 05, 2022 | Updated by FindLaw Staff

(1) A maintenance funding provider may only provide legal funding to an individual if the maintenance funding provider and the individual enter into a maintenance funding agreement that meets the requirements of Section 13-57-301.

(2) Before executing a maintenance funding agreement, a maintenance funding provider shall file with the division a template of the maintenance funding agreement.

(3) A maintenance funding provider may not:

(a) pay or offer to pay a commission, referral fee, or any other form of consideration to the following for referring an individual to the maintenance funding provider:

(i) an attorney authorized to practice law;

(ii) a health care provider;  or

(iii) an employee, independent contractor, or other person affiliated with a person described in Subsection (3)(a)(i) or (ii);

(b) accept a commission, referral fee, or any other form of consideration from a person described in Subsection (3)(a) for referring an individual to the person;

(c) refer an individual or potential individual to a person described in Subsection (3)(a), unless the referral is to a local or state bar association referral service;

(d) intentionally advertise materially false or misleading information about the maintenance funding provider's services;

(e) make or attempt to influence a decision relating to the conduct, settlement, or resolution of a legal action for which the maintenance funding provider provides legal funding;  or

(f) knowingly pay or offer to pay court costs, filing fees, or attorney fees using legal funding.

(4) A maintenance funding provider shall provide an individual who enters a maintenance funding agreement a copy of the executed maintenance funding agreement.

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Cite this article: FindLaw.com - Utah Code Title 13. Commerce and Trade § 13-57-202. Maintenance funding provider operations - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-13-commerce-and-trade/ut-code-sect-13-57-202/

Read this complete Utah Code Title 13. Commerce and Trade § 13-57-202. Maintenance funding provider operations on Westlaw

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