Structured Settlements 4Real® Blog: Structured Settlements | Settlement Planning News and John Darer Reviews

Structured Settlement Receivables Have Insolvency Risks Investors May Not Understand

by John Darer CLU ChFC MSSC CeFT RSP CLTC

Investors who buy structured settlement receivables are exposed to potentially devastating financial risk to their investments in the event of insolvency of the life insurance company that issued the annuity, that funded the structured settlement payment rights purchased by the investor.

Investors, financial advisers and insurers of financial advisors should be mindful of a crucial provision of the 2017 Life & Health Guaranty Associations Model Act (#520) which has been adopted by the majority of the United States when evaluating the suitability of structured settlement receivables as investments.

What is a Structured Settlement Receivables Investment?

A structured settlement receivables investment is an opportunity to invest money to acquire an assignment of someone else's structured settlement payment rights (or portions of those rights) in the structured settlement secondary market or tertiary market. 

Are Structured Settlement Receivables Annuities?

No. An investment in a structured settlement receivable is NOT the same as buying an annuity, or the purchase of a structured setlement annuity. Unlike buying an an annuity, no premium is paid to an insurance company.

 

Certain actors, including some settlement planners and financial advisors, have falsely used the term annuity in marketing structured settlement receivables to investors, obfuscating the potential risks to investors and even judges tasked with approving in a minor's settlement. 

• An investment in structured settlement receivables is not the same as someone who is a structured settlement payee. 
• The latter becomes a structured settlement payee by virtue of the negotiated settlement consideration in their personal injury or wrongful death lawsuit wherein there is an obligation to make future perioidic payments as part of the consideration.
• The obligation of the Defendant/Respondent or its/their insurer  to make the periodic payments in the settlement agreement may be assigned [subject to the terms of IRC 130(c)] to a qualified assignment company.
• The assignment company then buys an annuity (or annuities) to fund its periodic payment obligation.

Section 3A(5)(c)  of the Life & Health Guaranty Associations Model Act (#520)

(5) This Act shall not provide coverage to: (a) A person who is a payee (or beneficiary) of a contract owner resident of this State, if the payee (or beneficiary) is afforded any coverage by the association of another State; or (b) A person covered under Paragraph (3) of this subsection, if any coverage is provided by the association of another State to the person; or (c) A person who acquires rights to receive payments through a structured settlement factoring transaction as defined in 26 U.S.C. 5891(c)(3)(A), regardless of whether the transaction occurred before or after such section became effective".

Drafting Notes to Section 3A(5)(c) of the Life & Health Guaranty Associations Model Act (#520) Crystal Clear

"Drafting Note: The exclusion from coverage in Section 3A(5)(c) of any person who has purchased from an original structured settlement annuity payee his or her rights to receive structured settlement annuity benefits and the exclusion of such benefits from covered benefits under Section 3B(2)(n) recognize that the protections afforded by guaranty associations are intended for insurance consumers, such as the original payees of structured settlement annuities. Guaranty association protection does not extend to sophisticated investors who acquire rights to receive structured settlement annuity benefits in the secondary market. These exclusions, however, do not apply to structured settlement annuity benefits that are transferred to children, present or former spouses or other dependents as part of domestic relations settlements or orders, or to other transferees (including donees) who acquire rights to receive structured settlement annuity benefits without providing any monetary consideration. Thus, Section 3A(5)(c) and Section 3B(2)(n) clarify that guaranty association coverage protects structured settlement annuity benefits to which the original payee and his or her family members retain the rights"

What if You Invested in Structured Settlement Receivables while Residing in a State That Hasn't Adopted?

• Just remember that in Dec 2018,  the National Association of Insurance Commissioners (NAIC) published Statutory Issue Paper No. 160 (finalized April 6, 2019) which expressly stated that acquired structured settlement payment rights are not captured as an annuity or insurance product in statutory accounting.   Then go back and read the Drafting notes above!
• Investment in structured settlement receivables were never an investment in an annuity, regardless of how they were labeled and marketed by secondary market companies, tertiary market companies, financial advisers to seniors, or certain settlement planners to trial lawyers for the trial lawyers or their clients.
• There's a certain inevitability to adoption of the 2017 Revisions to the L&HGA in all states, just like the Structured Settlement Protection Acts

What If You Invested in Structured Settlement Receivables While Residing in a State that Hasn't Adopted and Move to a State that Has Adopted the Model Act?

An attorney source opined that the law of the original residence state would apply. The big ole "but" is the "before and after the effective date" clause in the Life & Health Guaranty Associations Model Act takes no prisoners. Figuratively speaking, that's like standing over the gallows for an agonizingly long time for the trap door open to swiftly snap your financial neck.

Why States Exclude SMA Investors From Annuity Insurance Insolvency Schemes? - Structured Settlements 4Real® Blog: Structured Settlements | Settlement Planning News and John Darer Reviews (typepad.com)

 

Structured Settlements 4Real® Blog: Structured Settlements | Settlement Planning News and John Darer Reviews: L&H Guaranty Assoc. Model Act (typepad.com)

 

Maryland EXCLUDES Acquired Structured Settlement Payment Rights From Guaranty Fund Cover - Structured Settlements 4Real® Blog: Structured Settlements | Settlement Planning News and John Darer Reviews (typepad.com)

 

The 2017 L & H Guaranty Association Model Act was published in 1^st QTR of 2018.

 

 

 

 

 

Have You Been Called by a Factoring Company Shortly After Submitting a Change of Address to an Insurer?

by Structured Settlement Watchdog

A question appeared on social news aggregator Reddit about why someone has been receiving alleged "scam calls" regarding their structured settlement annuity?

The Redditor states he "has a life-long structured settlement annuity was won in court against an insurance company when he was 6 [they not the parents who obtained the settlement for their child when he was 6 :-)].  In the past couple of days I have received a few calls from random spam companies, I believe they said insurance companies, asking if I'd be interested in selling my annuity for a large cash settlement. Like I said earlier I've had it since I was young so my parents ensured my whole life that I know better and I would never consider selling it. What I'm curious to know is, how do these scam call agencies/insurance companies, or whoever they are, know that I even have an annuity? I believe there is a confidentiality agreement from my court case, I could be wrong, but how are they obtaining my info and my name and number curious if anyone knows or has an idea, thanks!

What is Reddit?

Reddit is an American social news aggregation, content rating, and forum social network. On this platform, registered users (commonly referred to as “Redditors”) submit content such as links, text posts, images, and videos. Other members then vote on these submissions, either upvoting or downvoting them. The site organizes posts by subject into user-created boards called “communities” or “subreddits”. 

What is a Redditor?

A Redditor is a registered user of the website Reddit.

Out of the Blue Contacts to Sell Payments After You Submit Address Change to Annuity Company

• A structured settlement annuitant receives a mailer tied to a South Florida structured settlement factoring company within a month of submitting a change of address to the life insurance company
• In another case the guardian for a minor who is receiving a structured settlement was contacted by a South Florida structured settlement factoring company at the new address, shortly after submitting a change of address directly to the life insurance company.

If you are such a structured settlement annuitant or the annuitant's guardian, or a structured settlement broker or lawyer who has heard from a client about this scenario, please contact me. 

If you receive a call or text and you have never sold any payments before, hang up. Don't respond to any texts. If you receive such a mailer, save it and send me a copy.  Don't volunteer any personal information.

There is no structured settlement registry. Aren't you getting neough robocalls? There is no need to register your structured settlement like you would register a car. Think about it. Why would you need to licensed when the people who are targeting you for pennies on the dollar demotions are not required to be licensed in most states?

 

 

 

 

Does the Structured Settlement Annuity Contract Transfer When You Deal With JG Wentworth or Lump Sum Funders?

by John Darer CLU ChFC MSSC CeFT RSP CLTC

Can you Sell a Structured Settlement Annuity Contract? 

Nope. However, a highly credentialed but mistaken settlement planner says you can, in a discussion of "the process of selling a structured settlement" found on their website at time of publication.

"Transferring the annuity contract: Once the court approves the sale, the annuity contract is transferred to the funding company, and the claimant receives their lump-sum payment" they say.

What is the Annuity Contract in a Structured Settlement?

The annuity contract in a structured settlement is a qualified funding asset as defined in the Internal Revenue Code Section 130(d).

Who Owns the Annuity Contract in a Structured Settlement?

The annuity contract in a structured settlement is typically owned as a qualified funding asset by a qualified assignment company. In certain cases, such as with claims settled under the Federal Tort Claims Act (FTCA), the structured settlement annuity is owned by the Defendant

What is a Qualified Assignment Company?

A qualified assignment company is a special purpose company that serves as the fulcrum of a structured settlement transaction. Please refer to the Step 2 and Step 3 in the structured settlement flow chart below. 

Structured settlement documentation makes clear that the payee has no rights of ownership in the qualified funding asset. 

But companies like JG Wentworth must be buying something if all these people have been scoring all that "cash now". What the heck are they buying?  The magic words are "structured settlement payment rights" or " structured settlement receivables". What do factoring companies sell to investors?

Think "Receivables Purchase Agreement" not " Buying an Annuity".

So if you're raising cash from your structured settlement you are selling receivables or structured settlement payment rights.

Fellow settlement planners and structured settlement consultants,  please be mindful of inaccuracies.

 

 

 

 

 

 

 

 

Coral Springs Co. Wholly Misleading Statement Re "Purchase of Structured Settlement Annuities"

by Structured Settlement Watchdog

Coral Springs Company Makes False Wholly Misleading Statement Re "Purchase of Structured Settlement Annuities"

According to MJ Structured Settlement Annuities' (MJSSA) definition, "a Structured Settlement Annuity (SSA) is an annuity from an insurance company paid over a period of years as a result of a legal settlement for financial restitution". For example, MJSSA says, "the victim of a motor vehicle accident may be awarded an SSA where the guilty party will fund an annuity to pay out to the victim over time"

MJSSA Fails to Comprehend Basic Difference Between Civil and Criminal Lawsuits

Setting aside MJSSA's showing a lack of understanding of the difference between a civil suit (where at the conclusion of trial a civil Defendant may be found liable (as opposed to a criminal trial where a Deendant could be found guilty)**, MJSSA makes a false and wholly misleading marketing claim by holding out  the purchase of factored structured settlement receivables as a purchase of a structured settlement annuity (or structured settlement annuities).  

"MJSSA offers investors the opportunity to purchase Structured Settlement Annuities that deliver a guaranteed, fixed income stream over a defined period of time. These are individual, one-time-only secondary market annuities available for a limited time". See the screenshot immediately below.

Screenshot for critical commentary, retrieved from MJSSA website 9-14-2023

It is well settled that factored structured settlement payment rights are not annuities 

1. Factoring is a sale of receivables. For example, see  A. DRB Capital -- Structured Settlement Receivables Successfully Acquired | News & Insights | Arnall Golden Gregory LLP (agg.com) "DRB Capital, LLC, is a Florida-based specialty finance company that buys and sells structured settlement receivables, such as annuity payments and court-ordered payments"  and "As a result of the deal, DRB, which has over $1 billion in committed capital and employs more than 150 people, was able to add a substantial inventory of structured settlement receivables to its balance sheet". B. Genex Capital Corporation Issues "Recall Notices" on Certain Pre-2015 Genex Capital Receivables - Structured Settlements 4Real® Blog: Structured Settlements | Settlement Planning News and John Darer Reviews (typepad.com);

2. The National Association of Insurance Commissioners (NAIC), in its Statutory Issue Paper No. 160, which was finalized April 6, 2019,  made it clear that acquired structured settlement payment rights are not annuities or insurance products. See NAIC Statutory Issue Paper No. 160 p6 Section 6, footnote which states clearly  " This guidance is specific to acquired structured settlement income streams (legal right to receive future payments from a structured settlement) and does not capture accounting and reporting guidance for the acquisition of any insurance product (e.g., life settlement, annuities, etc." ]

3. In the event of insolvency of the underlying annuity issuer, investors in acquired structured settlement payment rights are screwed in 80% of the US states, have adopted the 2017 Revisions to the Life & Health Guaranty Associations Model Act (#520), which expressly excludes acquired structured settlement payment rights from insolvency schemes. The application of the exclusion expressly applies to acquired structured settlement payment rights that were acquired prior to the effective date that the investor's state adopts the 2017 Revisions to the Model Act. 

4. Section 5891 of the United States Internal Revenue Code of 1986, as amended states that "The term “structured settlement factoring transaction” means a transfer of structured settlement payment rights (including portions of structured settlement payments) made for consideration by means of sale, assignment, pledge, or other form of encumbrance or alienation for consideration".

5. Structured Settlement factored receivables do not meet the definition of annuity under the laws of the State of New York. For example: "An annuity is a contract between a purchaser and an insurance company in which the purchaser agrees to make a lump sum payment or series of payments in return for regular disbursements, beginning either immediately (within 12 months) or at some future date"  Source: New York Department of Financial Services. 
6. Structured Settlement factored receivables do not meet the definition of annuity under the laws of the State of Georgia.  For example "An annuity is a contract you enter into with an insurance company to provide a guaranteed income in exchange for a payment or series of payments"  Source: Annuity | Georgia Office of Insurance and Safety Fire Commissioner
7. Ask MJSSA if any of their current structured settlement receivables offerings (falsely held out as annuities) are covered by your state's life & health guaranty association?  Here is where the MJ Structured Settlement Annuities has been a bit naughty and says that they are (not even a "maybe"). See number 3 from the screenshot of September 14, 2023 10:11 below.
8. 

   Wow, no no, just WOW!  Check out #3 | This is an excerpt retrieved 9-14-2023

Factored Structured Settlement Receivables Are An Unregulated Non-Insurance Product Sold, and Continuing to be Sold by Certain Salespeople and Companies under the Wholly Misleading "Secondary Market Annuities" 

Factored structured settlement receivables have been marketed to investors, including seniors in Florida, injury victims, trial lawyers and fiduciaries as "structured settlement annuities",  "secondary market annuities", even by people they trust that hold insurance licenses. There is little regulation of the the sales practices of structured settlement factoring companies and these receivables being deceptfully marketed as "annuities" or  "secondary market annuities" to investors by the secondary or tertiary markets. With what is known, the lack of regulation is just reckless at this point and has been for more than a decade.

Here MJ Structured Settlement Annuities is holding out a list of stuctured settlement factoring receivables for sale as if they are annuities and advertising them as offerings to investors. See  Available Offerings - MJ Structured Settlement Annuities (mjsettlements.com)

And the operative question is why? Where are Regulators Protecting Consumers and Investors?

Helpful References for Consumers

1. Under Florida law  Chapter 626 Section 99296 - 2023 Florida Statutes - The Florida Senate (flsenate.gov)  titled  Transfers of structured settlement payment rights. As opposed to sale or transfer of a structured settlement annuity contract.
2. annuities-guide.pdf (myfloridacfo.com)
3. Structured Settlements | What Is a Structured Settlement? (4structures.com)
4. What Are Structured Settlement Annuities? Structured Settlements FAQ (4structures.com)

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**SIDE BAR 

Broward County Confusion? Who led which horse to water?

"Let’s start with the basics. A structured settlement is an agreement reached during a lawsuit, where the guilty party agrees to pay the victim a specified amount of money in periodic payments".   -123Lump Sum website 123 Lump Sum in Quandry Over Whether Civil Defendants Are Guilty (or Liable)? - Structured Settlements 4Real® Blog: Structured Settlements | Settlement Planning News and John Darer Reviews (typepad.com) August 24, 2022

_______________________________________________________________________________ 

MJ Structured Settlement Annuities appears to also use the name EZStructuredsettlementannuties, based on what was found on its website at time of original posting.

Last updated October 20, 2023

Can You Restructure Structured Settlements? Black Square Financial v CrowFly LLC

by Structured Settlement Watchdog

The use of the word restructured is misleading. When "restructured" is used in connection with "structured settlements" it appears at first blush, that there is some connection between the two. THERE ISN'T.  It's a scam the way it's being promoted by the settlement purchasers to injury victims.

Structured settlements have unique benefits set forth in the tax code. To do a so called "restructured settlement" you must sell your structured settlement payment rights AT A DISCOUNT, which might be substantial, BEFORE other products are purchased to create a new payment stream with the discounted amount of money.

While structured settlement is a defined term under the Internal Revenue Code, the Code makes no mention of restructuring structured settlements

My Previous Commentary on "Restructured Settlements"

Structured Settlement "Restructuring" | Beware The Structured Settlement Factoring Company Scam - Structured Settlements 4Real® Blog: Structured Settlements | Settlement Planning News and John Darer Reviews (typepad.com March 25, 2018

Can Terms of Your Structured Settlement Change? Restructured Settlements - Structured Settlements 4Real® Blog: Structured Settlements | Settlement Planning News and John Darer Reviews (typepad.com) July 12, 2010

Some Contrasting Points of View from the Structured Settlement Secondary Market

1. CrowFly LLC of Buffalo New York opines 

"Can you restructure a structured settlement?

 

Unfortunately, that plan cannot be changed once it's established. So, if you're wanting to get your payments early to cover a sudden financial need, then the insurance company that issues your policy won't be able to reverse your structured settlement or change your payment streams"

 

2. But Black Square Financial out of Coral Springs Florida claims it has:

1. "an innovative approach to restructuring policies where every plan is catered to your needs!"

"Catered" huh?   According to the Oxford English dictionary catered means "provide food and drink, typically at social events and in a professional capacity"  Black Square's copywriters may be " bartenders and waiters/waitresses", but are obviously not gifted linguists.

2. "Take control of your policy. Access funds as you need them and structure your policy in a way that benefits you the most".

3. "Get access to funds immediately in case of an emergency or opportunity. Use the lump­ sum payout to fulfill your needs or apply to a means of generating growth and longevity".

"Taking control of your policy" is a major misrepresentation on the part of Black Square Financial.  Anybody who knows what they are talking about in the industry knows that no annuitant owns or controls the annuity policy funding their structured settlement. 

No annuitant can sell a structured settlement annuity policy and no investor can buy it from the annuitant

I'm siding with CrowFly on this one.  I challenge Black Square Financial to supply proof of all of the structured settlement annuity policies they have purchased.  I suspect they can't, because in a structured settlement factoring transaction, they merely buy structured settlement payment rights.  So why is Black Square Financial lying to consumers over such a fundamental point?

 

What Are The Benefits of Restructuring? Black Square Financial's Shocking Response

by Structured Settlement Watchdog

Black Square Financial asks the leading question  "What are the benefits of restructuring?"

Black Square Financial says:

• Liquidity  Get access to funds immediately in case of an emergency or opportunity. Use the lump­ sum payout to fulfill your needs or apply to a means of generating growth and longevity
• Ownership Take control of your policy. Access funds as you need them and structure your policy in a way that benefits you the most.
• Peace of Mind Plan for large expenses such as mortgage or tuition payments. Make decisions based on your needs and expectations of financial obstacles for you and your family.

I called 866-356-5165  this morning and was told by Andrew Hoffman, one of the three owners of Black Square Financial, confirmed that "restructuring" is just " Going to court and getting a lump sum". I asked "do you mean a "structured settlement factoring transaction?" to which Hoffman confirmed yes.

Black Square Financial's restructuring is false and misleading advertising

Black Square Fallacy 1

Restructuring is a ruse folks.  Black Square Financial claim that you take control of your policy is total baloney.  Black Square's guaranteed money losing value proposition (the same as any structured settlement payment buyer) is to give you pennies on the dollar for your payments, not the policy. A structured settlement payment recipient does not own the annuity policy. You are not restructuring the annuity policy.  You are not restructuring anything.

Black Square Fallacy 2

Use the lump­ sum payout to fulfill your needs or apply to a means of generating growth and longevity

Translation:    Sell your structured settlement payments to Black Square Financial for pennies on the dollar and then invest.

Black Square makes no mention of the fact that you will need to earn back what they took from you, just to break even. When you're speaking of longevity risk, annuities are one of the best tools, whether you have it now or in the future.

Is Black Square Financial providing unlicensed financial planning advice?

Black Square Financial asks you to call and claims they can help cater the perfect plan for you?   Misdirection by "bollocks bolognaise" with some uplighting perhaps.

Black Square also says on its website "We want the opportunity to help you today and build a solid plan for your future".

Neither of Black Square Financial LLC's members Jarrod Freeborn, Jordan Freeborn or Andrew Hoffman show as registered with the SEC, or the State of Florida, as financial advisers

What standard of planning are representatives of Black Square Financial held accountable to?   Suitability, Fiduciary...what applies? 

Bear in mind a judge's thumbs up or down on a particular transaction does not necessarily speak to the conduct of companies like Black Square Financial. To wit...Judge Sweet's approval of the Cedric Martez Thomas case in Okeechobee County sanctioned Novation Funding's financial rape of the then 21 year old New York resident.

Does the act of selling your structured settlement for pennies on the dollar constitute a financial plan under ANY standard?

 

 

via GIPHY

The "plan" is that Black Square eats up your annuity payments. The question is only of the size of its appetite.

For further information of how true restructuring may work, supported by at least one IRS Private Letter Ruling please read my September 9, 2015 blog post Restructure from Annuity Issuer Could Avert Selling Structured Settlement

Black Square Raises Red Flag | Structured Settlement Social Media Road Kill

by Structured Settlement Watchdog

There's a new brand of snake oil in town and it's being dispensed by Black Square Financial.

In a video featuring what Black Square Financial puts forward as an explanation of present value and structured settlement factoring discounts, Black Square Financial chose to use 10% interest rate on a savings account, implying that a structured settlement annuitant could sell their structured settlement payment rights and in 2017 get 10% on a savings account. 

Black Square Financial features a video that assumes you can get 10% on a "piggy bank" savings account ostensibly, to set up unsophisticated consumers.

To put things in perspective, interest on a 6 month CD peaked at 17.98% in August of 1981  and fell to a low of 0.29% in  January 2010  [ Source: Money-Rates.com]. Black Square Financial is speaking of savings account interest...savings accounts like the ones banks used offer a free toaster as swag to those who opened them, 36 years ago.

Here are where the 10 Year Treasury Yields were at the start of each of the last 5 decades 

1970s: 7.08 percent

1980s: 12.64 percent

1990s: 8.65 percent

2000s: 6.02 percent

2010s: 3.83 percent

2011- "Savings account rates don't have a full 1 percent to lose anymore"

[Source:  Richard Barrington CFA,  Huffington Post]

Black Square Financial is based in Coral Springs, Florida so to give them the shredded benefit of the doubt, I searched for the possibility that savings rates in Coral Springs Florida were an anomaly.

Savings Rates at Credit Unions in Coral Springs Florida

Money Market Rates at Credit Unions in Coral Springs, Florida

Then I broadened the search radius a little

Savings Rates in Miami Area

Given the range of historical returns local rates being readily available why would Black Square Financial choose to use a savings rate not seen for more than 30 years in its example? 

Is Black Square Financial ignorant or being deceptful?  I'll let you decide.

MJ Structured Settlement Annuities in Deceptive Structured Settlement Marketing

by Structured Settlement Watchdog® 

MJ Structured Settlement Annuities, Inc. is a less than 3 year old  Coral Springs Florida corporation that markets structured settlement payment rights with what is in my opinion a misleading company name.

The name MJ Structured Settlement Annuties is misleading because what is being marketed as structured settlement annuities is not an insurance product, it is structured settlement receivables, which are not annuities or an insurance product.  And there is a difference. 

According to the Florida Department of Financial Services, Todd Lesk, the CEO of MJ Structured Settlement Annuities, Inc.  is licensed as an insurance agent in Florida but does not show an appointment with Genworth, Liberty Life, MetLife, New York Life, The Hartford or Presidential Life. An MJ Structured Settlement Annuities website page displays the trademarked logos of each of these companies.

I have canvassed all of the life insurance companies in the above group that currently issue a structured settlement annuit. At the time of the publishing of this blog post, Liberty Life has come back and said that there is no appointment to sell structured settlement annuity and and no authority to use the Liberty Mutual logo. Let's see what the others say.

Yet on the Facebook page for MJ Structured Settlement Annuities, Inc.

"CDs generally offer anywhere from .98% to 2.00% interest. Structured settlement annuities offer upwards of 4.00-8.00% interest (based on interest rates at the time of purchase). Why settle for less when it comes to your finances? Click on this link to see if a structured settlement annuity is right for you".

Let's be clear, again,  that an investor in structured settlement receivables IS NOT buying a structured settlement annuity.

• There is no transfer of ownership of the annuity; and
• There are questions about whether investors in structured settlement payment rights are entitled to the same statutory protections as those who actually purchase annuities or are receiving structured settlement payments as compensation for damages they have suffered.
• They are marketed by merchants who may not be licensed and/or appointed with the structured settlement annuity issuers whose logos may be used by the promoter.

MJ Structured Settlement Annuities Misleading Advertising May 15, 2012

A yellow page listing for MJ Structured Settlement Annuities lists a street address and suite number identical to Client First Settlement Funding , although there is nothing in the state of Florida filings for MJ that suggests any relation between the companies. Download MJ Structured Settlement...ton, FL, 33431 - YP same address as Client First Funding 3-14-2014 Yellow Pages

The nascent availability of structured settlement receivables to individual investors had led to questionnable market conduct which that I have repeatedly questioned. Certain actors in the secondary market shamelessly draw scrutiny to the market which provides plenty to write about.

A pending bill in Florida legislature seeks to amend the Florida Structured Settleent Protection statutes to cap discount rates and curtail forum shopping in courtrooms such as that of Judge Michelle Morley in Sumter County among others, by limiting the filing of petitions to transfer structured settlement payment rights to the county of residence.