Updated on 8/9/2021
This article helps plaintiffs and attorneys alike learn more about lawsuit loans and alternatives in North Dakota. Below you will find the following information:
Lawsuit loan alternatives in North Dakota
Lawsuit loans are expensive. Plaintiffs in North Dakota should exhaust all other options before seeking legal funding. Check out the local resources below for some ideas:
- Rental Payments Help in North Dakota – rental help in North Dakota is available in the form of subsidized apartments and Section 8 vouchers for low-income families.
- North Dakota Medicaid – Medicaid is an insurance program for low-income residents that offers coverage for medical and dental care.
- Supplemental Nutrition Assistance Program (SNAP) – SNAP offers nutritional assistance in the form of monthly cash payments that can be used at grocery stores and other participating retailers.
- Low Income Home Energy Assistance Program – this program gives North Dakotans who make at or below 60% of the state median income access to help with heating costs.
Lawsuit funding laws, regulation and relevant ethics opinions in North Dakota
There are no laws regulating pre-settlement financing in North Dakota and advances are not regulated as loans. North Dakota does uphold the champerty doctrine, but lawsuit funding contracts would likely be upheld so long as the lawsuit lending company does not interfere with the case. Most funding companies service the state.
Legal funding case law in North Dakota
In Interstate Collection Agency v. Kuntz, a trial court sided with Kuntz partially because of issues with champerty in the assignment of the claim against Kuntz to the collection agency. On appeal, this stance was reversed. The appellate court cited Rohan v. Johnson stating that case law did not support voiding a contract on the basis of champerty alone.
Source: Interstate Collection Agency v. Kuntz
Can a lawyer lend money to a client in North Dakota?
Depending on the situation, a lawyer may give a client a loan in order to reasonably withstand litigation. This is to avoid clients settling due to financial hardships. This is all detailed in North Dakota’s rules of professional conduct.
Source: North Dakota Rules of Professional Conduct Rule 1.8(e)
Lawsuit loan companies serving North Dakota
Recommended lawsuit loan companies funding North Dakota 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 North Dakota
Compare Lawsuit Loans does not currently cover any local lawsuit lending companies in North Dakota. Local funding companies interested in being included on this page may contact us at [email protected]
Other pre-settlement lawsuit loan companies serving North Dakota residents
- Oasis Financial
- Glofin Funding
- Nova Legal Funding
- Golden Pear Funding
- Prime Case Funding
- Preferred Capital Funding
- National Lawsuit Funding
- High Rise Financial
- Momentum Funding
- The Legal Funding Group
- Necessity Funding
- Cherokee Funding
- Signal Funding
- Case Cash Funding
- Bridgeway Legal Funding
- Pegasus Legal Capital
- Baker Street Funding
- Baric Enterprises
- Capital Now Funding