1. 1. “Consumer litigation funding company” or “company” means a person that enters into a consumer litigation funding transaction with a consumer.

2. 2. The term does not include:

   1. (a) An immediate family member of a consumer;
   2. (b) An attorney or accountant who provides services to a consumer;
   3. (c) A medical provider that provides medical services on the basis of a lien against any potential litigation recovery;
   4. (d) A medical factoring company; or

   5. (e) A financial institution or similar entity:

      1. (1) That provides financing to a consumer litigation funding company; or
      2. (2) To which a consumer litigation funding company grants a security interest or transfers any right or interest in a consumer litigation funding transaction.

(Added to NRS by 2019, 2400)