Consumer litigation funding transaction defined.
Nev. Rev. Stat. § 604C.100
in effectConsumer litigation funding transaction means a nonrecourse transaction in which:
1. A consumer litigation funding company provides consumer litigation funding to a consumer in an amount that does not exceed $500,000; and
2. The consumer assigns to the company a contingent right to receive an amount of the potential proceeds of a settlement, judgment, award or verdict obtained in the legal claim of the consumer.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-604C.htmlFetched: 10/4/2026