Updated on 6/9/2021
This article helps plaintiffs and attorneys alike learn more about lawsuit loans in South Dakota. Below you will find the following information:
Lawsuit funding laws, regulation and relevant ethics opinions in South Dakota
South Dakota common law indicates that champerty doctrines would likely be upheld – that means that lawsuit lending agreements could be challenged in court. There are no statutory laws regarding litigation funding and pre-settlement funding is not currently regulated as a loan in South Dakota. Despite the issues with SD common law, many funding companies still provide funding in the state.
Legal funding case law in South Dakota
Unruh Chiropractic Clinic v. De Smet Insurance Co., a chiropractor provided treatment on lien to two patients. Despite being notified of the lien, the insurance company paid out money to the patients without paying the chiropractor. Unruh sued and their case was dismissed on the grounds of common law maintenance and champerty.
Source: Unruh Chiropractic Clinic v. De Smet Insurance Co.
Can a lawyer lend money to a client in South Dakota?
It is not unethical for attorneys in New Hampshire to help clients get funding. They must however be aware of any potential risks.
Source: South Dakota Rules of Professional Conduct Rule 1.8(e)
Lawsuit loan companies serving South Dakota
Recommended lawsuit loan companies funding South 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 South Dakota
Compare Lawsuit Loans does not currently cover any local lawsuit lending companies in South Dakota. Local funding companies interested in being included on this page may contact us at [email protected]