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RIMS commends North Carolina’s first-in-the-nation ban on litigation funding

whysavetoday by whysavetoday
July 1, 2026
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RIMS commends North Carolina’s first-in-the-nation ban on litigation funding
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North Carolina’s Prohibit Litigation Investments Act, signed into regulation on June 22, 2026, makes it “illegal for an individual to interact in litigation funding on this State or to furnish litigation funding to a celebration or counsel of report in a civil continuing on this state.” Violators face civil penalties as much as $50,000 per violation. The regulation exempts professional bono funding, insurers’ contractual protection or indemnification obligations, and loans or monetary help not contingent on a continuing’s consequence.

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Tags: BanCarolinascommendsfirstinthenationfundinglitigationNorthRIMS
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