Updated on 6/9/2021
This article helps plaintiffs and attorneys alike learn more about lawsuit loans in Idaho. Below you will find the following information:
Lawsuit funding laws, regulation and relevant ethics opinions in Idaho
Idaho does not have a statute regarding lawsuit loans in the state. Common law indicates that legal loan agreements are enforceable in the state as long as they do not pervert the legal process. Most lawsuit lending companies provide funding in Idaho.
Legal funding case law in Idaho
According Wolford v. Tankersley to Idaho does not recognize champerty or maintenance doctrines. Third-party lawsuit loan agreements are enforceable unless they constitute an “abuse of process or malicious prosecution of civil actions.”
Source: Wolford v. Tankersley
Can a lawyer lend money to a client in Idaho?
For residents in Idaho, an attorney cannot help their client out financially. The most they can do is advance the costs of litigation, or in some cases cover the costs of litigation.
Source: Idaho Rules of Professional Conduct 1.8(e)
Can attorneys help clients receive lawsuit loans in Idaho?
Lawsuit loan companies serving Idaho
Recommended lawsuit loan companies funding Idaho residents
US Claims offers some of the lowest, non-compounding rates in the industry. Many companies claim to offer “the lowest rates in the industry” – we recommend comparing them against an offer from US Claims. to see for yourself.
Thrivest Link Legal Funding offers fair terms with a fast, efficient funding process. Many companies claim to offer same-day or 24-hour lawsuit loans but Thrivest Link Legal Funding often actually makes it happen.
Lawsuit loan companies located in Idaho
Compare Lawsuit Loans does not currently cover any local lawsuit lending companies in Idaho. Local funding companies interested in being included on this page may contact us at [email protected]