1. (a) Words used in this rule, which are defined by the Structured Settlement Protection Act, shall have the meaning set forth in the Act.

   Official Note

   See Section 2 of the Act, 40 P. S. § 4002, which defines numerous terms including ‘‘best interests,’’ ‘‘dependents,’’ ‘‘payee,’’ ‘‘structured settlement obligor,’’ and ‘‘structured settlement payment rights.’’

2. (b) A petition to transfer structured settlement payment rights shall be filed in the county in which the payee is domiciled.

   Official Note

   See Section 4 of the Act, 40 P. S. § 4004, providing that the court of common pleas of the judicial district in which the payee is domiciled shall have jurisdiction over the petition.

3. (c) The parties to the petition shall be the payee and the transferee.

4. (d) The petition shall be verified by the transferee and shall contain:

   1. (1) a statement setting forth the payment provisions of the structured settlement agreement and the payment rights that the payee seeks to transfer,

   2. (2) separate paragraphs which in bold type set forth

      1. (i) the net amount payable to the payee after deduction of all commissions, fees, costs, expenses, and charges, and

      2. (ii) the following statement setting forth the interest rate:

         ‘‘Based on the net amount that the payee will receive from this transaction ($

         ) and the amounts and timing of the structured settlement payments that would be assigned, the payee is, in effect, paying interest at a rate of % per year.’’

   3. (3) four attachments:

      1. (i) a Payee’s Affidavit in Support of Petition, in the form prescribed by subdivision (f) as Attachment 1,
      2. (ii) an initial order of court scheduling the hearing, in the form prescribed by subdivision (g),
      3. (iii) a certification by an attorney for the transferee representing to the best of his or her knowledge, information and belief, formed after reasonable inquiry, that the transfer will comply with the requirements of the Act and will not contravene any other applicable federal or state statute or regulation or the order of any court or administrative authority, and

      4. (iv) a final order of court granting the petition, in the form prescribed by subdivision (i).

         Official Note

         These four attachments are in addition to any other documents which are required to support the findings set forth in Section 3 of the Act, 40 P. S. § 4003.

         Subdivision (d) requires that two documents be verified. As the two documents contain different information, each must be verified by a different person. The petition to transfer structured settlement payment rights must be verified by the transferee. The Payee’s Affidavit in Support of Petition must be verified by the payee. The transferee is not required to verify the information set forth in the Payee’s Affidavit.

         (e)(1) If the petition and Payee’s Affidavit in Support of Petition meet the requirements of this rule and contain factual allegations which, if established, will support the findings set forth in Section 3 of the Act, the court shall promptly enter an order scheduling a hearing date. The transferee shall give notice of the hearing, in the form prescribed by subdivision (h), to the payee, the structured settlement obligor, the annuity issuer, the payee’s spouse and any person who receives child support, alimony or alimony pendente lite from the payee.

      5. (2) If the petition is denied without a hearing for failure to meet the requirements of this rule or to contain necessary factual allegations, which will support the findings set forth in Section 3 of the Act, the court shall state reasons for the denial and the payee may file an amended petition as of course.

      6. (f) The Payee’s Affidavit in Support of Petition shall be substantially in the following form:

         I,

         , the payee, verify that the statements below are true and correct:

         1. Payee’s name, address and age:
         .

         2. Marital Status:

         Never Married; Married;
         Separated; Divorced

         If married or separated, name of spouse:

         .

         3. Minor children and other dependents:

         Initials of minor children, names of other defendants, ages, and places of residence:

         .

         4. Income:

      7. (a) Payee’s monthly income and sources:

         .

      8. (b) If presently married, spouse’s monthly income and sources:

         .

         5. Child support, alimony or alimony pendente lite:

         Obligation to pay:

         Yes No

         If yes, state the amount of the obligation, to whom payable, and whether there are arrearages:

         .

         6. Previous transfers:

         Have you previously filed a petition to transfer payment rights under the structured settlement that is the subject of this petition?

         Yes No

         If yes, for each petition that you filed,

      9. (a) If the transfer was submitted for court approval, list the court, the case caption and case number, and state whether the court approved or disapproved the transfer:

         .

      10. (b) If the transfer was approved,

          1. (i) State the name of the transferee and identify (listing due dates and payment amount(s)) the payments involved in the transfer:

             .

          2. (ii) State the amount of money and the manner in which the money was used:

             .

      11. (c) Have you ever transferred payments without court approval? If so, please explain:

          .

          7. Reasons for transfer:

          Describe in detail your reasons for the proposed transfer, including an explanation as to why a sale of a lesser amount of the structured settlement amount will not better serve your interests:

          .

          8. Payment of debts:

          If you seek the transfer in order to pay debts, list each debt, including the name of the creditor and the amount presently owed:

          Debt	Creditor	Amount Owed
          		$
          		$
          		$

          I verify that the statements made in this affidavit are true and correct. I understand that false statements herein are made subject to the penalties of 18 Pa.C.S. § 4904, relating to unsworn falsification to authorities.

          DATE:

          Signature

      12. (g) The initial order of court shall be substantially in the following form:

          On this

          day of , 2 , it is ordered that a hearing on this Petition to Transfer Structured Settlement Payment Rights will be held on , in Courtroom at o’clock. The payee shall bring income tax returns for the prior two (2) years to the hearing.

          Within seven (7) days, the transferee shall give notice of the hearing date to the payee, the structured settlement obligor, the annuity issuer, the payee’s spouse and any person receiving child support, alimony, or alimony pendente lite. The transferee shall attach a certificate of service to the notice of hearing date. A copy of the notice with the certificate of service shall be filed with the court prior to the hearing.

          BY THE COURT:

          J.

      13. (h) The notice of hearing shall be substantially in the following form:

          To:

          You are hereby given notice that

          (name of payee)

          has filed a petition to transfer structured settlement payment rights. A hearing in this matter has been scheduled on , 2 at o’clock in courtroom no. , courthouse, .
          (address)

          You are entitled to support, oppose or otherwise respond to the payee’s petition, either in person or by counsel, by filing written comments with the court prior to the hearing or by attending the hearing.

          Date Transferee

          Address

          Telephone Number

      14. (i) The final order of court shall be substantially in the following form:

          1. (1) the payee has established that the transfer is in the best interests of the payee or the payee’s dependents;
          2. (2) based on the certification by an attorney for the transferee, and the court having not been made aware of any statute, regulation or order that would be incompatible with the proposed transfer, the transfer will not contravene any applicable federal or state statute or regulation, or the order of any court or administrative authority;
          3. (3) the transfer complies with the remaining requirements of the Structured Settlement Protection Act, including Sections 3(a)(2), 3(a)(4), 3(a)(5) and 3(a)(6);

          4. (4) the payments that are to be transferred are designated as follows:

             .

          5. (5) the terms of this order shall survive the death of the payee and shall be binding on the payee’s heirs, beneficiaries and assigns;

          6. (6) the payee shall receive from the transferee, as of

             , the amount of $ , from which no funds are owed for counsel fees, administrative fees, or other costs, fees or expenses.

             BY THE COURT:

             J.

             Official Note

             The form of order does not preclude a court from adding additional language to the order as deemed appropriate in the individual circumstances of a case.

             The filings required by this rule are subject to the Case Records Public Access Policy of the Unified Judicial System of Pennsylvania. See Rule 205.6.

          On this

          day of , 2 , it is ordered that the Petition to Transfer of Structured Settlement Payment Rights is granted.

          The court specifically finds that:

(Caption)

Payee’s Affidavit in Support of

Petition to Transfer Structured Settlement Rights

Verification

(CAPTION)

Initial Order of Court

(CAPTION)

Notice of Hearing on Petition to

Transfer Structured Settlement Payment Rights

(CAPTION)

Final Order of Court

Source

The provisions of this Rule 229.2 adopted June 15, 2007, effective September 1, 2007, 37 Pa.B. 4515; amended January 5, 2018, effective January 6, 2018, 48 Pa.B. 475; amended June 1, 2018, effective July 1, 2018, 48 Pa.B. 3519. Immediately preceding text appears at serial pages (390043) to (390044), (376525) to (376526) and (390045).