Nevada § 604C.220 Assignment of legal claim; applicability

Nevada Statutes

§ 604C.220 — Assignment of legal claim; applicability

Nevada § 604C.220

Title 52TRADE REGULATIONS AND PRACTICES

Ch. 604CConsumer

GENERAL PROVISIONS

This text of Nevada § 604C.220 (Assignment of legal claim; applicability) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 604C.220 (2026).

Text

1.The contingent right to receive an amount of the potential proceeds of a legal claim is assignable by a consumer.

2.Nothing in this chapter shall be construed to cause any consumer litigation funding transaction conforming to this chapter to be deemed a loan or to be subject to any of the provisions of law governing loans. A consumer litigation funding transaction that complies with this chapter is not subject to any other statutory or regulatory provisions governing loans or investment contracts. If there is a conflict between the provisions of this chapter and any other statute, the provisions of this chapter control.

3.Only a lien imposed by an attorney pursuant to NRS 18.015 that is related to the legal claim of the consumer or a lien imposed by Medicare that is related to the leg

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1. The contingent right to receive an amount of the potential proceeds of a legal claim is assignable by a consumer.
2. Nothing in this chapter shall be construed to cause any consumer litigation funding transaction conforming to this chapter to be deemed a loan or to be subject to any of the provisions of law governing loans. A consumer litigation funding transaction that complies with this chapter is not subject to any other statutory or regulatory provisions governing loans or investment contracts. If there is a conflict between the provisions of this chapter and any other statute, the provisions of this chapter control.
3. Only a lien imposed by an attorney pursuant to NRS 18.015 that is related to the legal claim of the consumer or a lien imposed by Medicare that is related to the legal claim of a consumer takes priority over any lien imposed by a consumer litigation funding company. All other liens take priority by normal operation of law.