HR2884 mandates
judicial oversight by the individual states including court approval
of all transfers and their focus on the annuitant’s best
interest. SCC has successfully helped develop these laws and
continues to promote laws that protect consumers rights.
While 44 states have transfer laws in place, SCC continues to
work to enact new laws in the states that have not passed transfer
act laws. Our Legislative update will keep you abreast of legislative
changes and proposals. We will also keep you informed of any
other legislative efforts regarding the structured settlement
factoring industry.
Our podcasts will provide you with a different form of communication.
Through audio feeds, we will give you concise updates and information.
The podcasts will cover a spectrum of topics regarding the structured
settlement factoring industry and Settlement Capital.
Settlement Capital is and has been associated with many different
organizations throughout the years. These organizations all bring
a certain dynamic to their specific part of the Structured Settlement
Industry. Anyone interested in and/or involved in the structured
settlement business should be aware of the following organizations:
National Association of Settlement Purchasers
(NASP)
National Structured Settlement Trade Association (NSSTA)
Society of Settlement Planners (SSP)
We have provided an example of a disclosure statement that is
sent out to the prospective customer as required by law. Actual
disclosures will vary based on the state statutes; however, this
general example will give you a better understanding of the documentation
required by the transfer laws. |