New York § 899-HHH Violations

New York Statutes

§ 899-HHH — Violations

New York·Law GBS General Business·Art. 39-H Third Party Litigation Financing

* § 899-hhh. Violations. 1. Any consumer litigation funding company\nfound in willful violation of any provision of this article in a\nspecific funding case:

(a)waives its right to recover both the funded\namount and any and all charges, as defined in subdivision two of section\neight hundred ninety-nine-ccc of this article, in that particular case;\nand (b) shall be liable for a civil penalty of not more than five\nthousand dollars for each violation, which shall accrue to the state of\nNew York and may be recovered in a civil action brought by the attorney\ngeneral.\n 2. Nothing in this article shall be construed to restrict the exercise\nof powers or the performance of the duties of the New York state\nattorney general, which such attorney general is authorized to exercise\nor perfo

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* § 899-hhh. Violations. 1. Any consumer litigation funding company\nfound in willful violation of any provision of this article in a\nspecific funding case: (a) waives its right to recover both the funded\namount and any and all charges, as defined in subdivision two of section\neight hundred ninety-nine-ccc of this article, in that particular case;\nand (b) shall be liable for a civil penalty of not more than five\nthousand dollars for each violation, which shall accrue to the state of\nNew York and may be recovered in a civil action brought by the attorney\ngeneral.\n 2. Nothing in this article shall be construed to restrict the exercise\nof powers or the performance of the duties of the New York state\nattorney general, which such attorney general is authorized to exercise\nor perform by law.\n * NB Effective June 17, 2026\n

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