- A. If a court finds that a consumer litigation funder has not been properly licensed pursuant to this act or has intentionally violated this act with respect to a litigation funding transaction, the funder is entitled to recover the funded amount provided to the consumer and may not receive any additional charges.
- B. In addition to any other applicable investigative and enforcement provisions of the Uniform Consumer Credit Code, the Administrator shall have the authority to assess an administrative penalty pursuant to the provisions of the Uniform Consumer Credit Code against a person who knowingly and willfully violates or causes a violation of this act or a rule adopted under this act.
Laws 2013, SB 1016, c. 386, § 15, eff. November 1, 2013.