Lawsuit Finance Contracts Are Loans, Colorado Supreme Court Rules

Lawsuit Finance Contracts Are Loans, Colorado Supreme Court Rules

The Colorado Supreme Court has ruled that litigation-finance contracts — non-recourse loans to people who are repayable just if they winnings their instance — are certainly loans under that state’s customer finance laws, rendering it harder for high-interest lawsuit loan providers to use into the state.

Your decision today by Colorado’s court upholds that are highest an appeals court choice against Oasis Legal Finance, thought to be the greatest company within the customer end for the litigation-finance industry. Continue reading “Lawsuit Finance Contracts Are Loans, Colorado Supreme Court Rules”