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Third-Party Litigation Funding Transparency Act (HB 5281)

Score:

0

%

Michigan

2026

Latest Action:

REFERRED TO COMMITTEE ON REGULATORY AFFAIRS

Updated:

May 14, 2026

Chamber:

Senate

This bill would regulate companies that provide funding for lawsuits in Michigan by requiring them to register with the state, disclose contract terms, and limit annual consumer charges to 36%. The bill also gives consumers a 10-day right to cancel funding agreements, sets detailed rules for the content of these contracts, and bans kickbacks as well as funding from certain foreign-linked entities. Additionally, it requires that funding agreements be made available for discovery in legal cases, ensuring more transparency about who is financing court cases.

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