N.Y. FIS Law § 1006
This is the official text of N.Y. FIS Law § 1006, part of New York’s FIS Law — part of the compiled statutory law of New York, published by the state as "FIS Law." Browse the sections below, each linked to its official government source.
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Violations
Official statutory text
§ 1006. Violations. (a) Any litigation funding company found in\nwillful violation of any provision of this article in a specific funding\ncase: (i) waives its right to recover the charges, as defined in\nsubsection (b) of section one thousand one of this article, in that\nparticular case; and (ii) shall be liable for a civil penalty of not\nmore than five thousand dollars for each violation, which shall accrue\nto the state of New York and may be recovered in a civil action brought\nby the attorney general.\n (b) Nothing in this article shall be construed to restrict the\nexercise of powers or the performance of the duties of the New York\nstate attorney general, which such attorney general is authorized to\nexercise or perform by law.\n
Status: in_force · Read it on the official government site
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