TORTS Damages: Regulate the Transfer of Structured Settlement Payment Rights; Provide that No Such Transfer Shall Be Effective Unless Certain Disclosures Are Made; Provide for a Right of Rescission with Respect to Such Transactions; Provide for Enforcement

Authors

Vince Tilley

Document Type

Peach Sheet

Abstract

The Act requires certain disclosures to structured settlement sellers, including discount rates, fees and other costs. The Act further provides for a cool- off period after parties execute such a transfer, during which a seller may rescind the contract without penalty. A violation of this Act shall also violate the Georgia Fair Business Practices Act (GFBPA). The Administrator of the GFBPA may enforce the provisions of this Act through administrative fines or a court-ordered injunction, if necessary.

Recommended Citation

Vince Tilley, TORTS Damages: Regulate the Transfer of Structured Settlement Payment Rights; Provide that No Such Transfer Shall Be Effective Unless Certain Disclosures Are Made; Provide for a Right of Rescission with Respect to Such Transactions; Provide for Enforcement, 16 Ga. St. U. L. Rev. (1999).
Available at: https://readingroom.law.gsu.edu/gsulr/vol16/iss1/29