Md. Code, Cts. & Jud. Proc. § 5-1101.1 : COURTS AND JUDICIAL PROCEEDINGS — LIMITATIONS, PROHIBITED ACTIONS, AND IMMUNITIES — STRUCTURED SETTLEMENTS —1101.1 - Findings and declaration of General Assembly

The General Assembly finds and declares that it is necessary to regulate transfers of structured settlement payment rights to:

(1) Ensure that the transfers are effectuated on fair and reasonable terms and are in the best interests of payees; and

(2) Protect payees against deceptive practices.

Md. Code, CJ § 5-1101.1

Added by 2016 Md. Laws, Ch. 722,Sec. 2, eff. 10/1/2016.

Added by 2016 Md. Laws, Ch. 721,Sec. 2, eff. 10/1/2016.