Updated on 6/9/2021
This article helps plaintiffs and attorneys alike learn more about lawsuit loans in Vermont. Below you will find the following information:
Lawsuit funding laws, regulation and relevant ethics opinions in Vermont
Vermont state law regulates lawsuit loans and requires certain disclosures in pre-settlement funding agreements. The state does not enforce a specific interest rate cap on lawsuit loans. Few lawsuit loan companies provide pre-settlement funding to residents of VT.
Laws regarding lawsuit loans in Vermont
Chapter 74 of Vermont’s Sec. A.1. 8 V.S.A. “Consumer Litigation Funding Companies” requires licensure of lawsuit lending companies. Pre-settlement lawsuit loan contracts must disclose several items including fees, APR, and a payback schedule. Vermont also requires the right cancellation.
Source: Consumer Litigation Funding Companies
Can a lawyer lend money to a client in Vermont?
Vermont attorneys cannot grant financial assistance for clients while they are representing them.
Source: Vermont Rules of Professional Conduct Rule 1.8(e)
Lawsuit loan companies serving Vermont
Recommended lawsuit loan companies funding Vermont 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.
Lawsuit loan companies located in Vermont
Compare Lawsuit Loans does not currently cover any local lawsuit lending companies in Vermont. Local funding companies interested in being included on this page may contact us at [email protected]