HB 6181

Abstract

Amends the Structured Settlement Protection Act. In the provision concerning definitions, adds definitions of "Director" and "Division". Sets forth provisions concerning transferee licensure requirements, qualifications, renewal, revocation and suspension, and examination; the display of licenses; and injunction and review with regard to licensure complaints. Provides that it shall be unlawful for any person to operate as, advertise as, or solicit transfers as a transferee without first having obtained a license. Provides that every applicant shall submit a bond, in which the applicant shall be the obligor, in the sum of $125,000 or an additional amount at the time of the application for a license. Makes other changes.