N.Y. Financial Services Law § 1010: Reporting

§ 1010. Reporting. (a) Beginning in two thousand twenty-seven, each

litigation funding company that engages in business in this state shall

submit an annual report to the department in a form and manner

determined by the department no later than the thirty-first day of

January of each year specifying for the preceding calendar year:

(i) the number of litigation funding contracts for which the charges

were paid and for each such contract:

(A) the funded amount;

(B) the amount paid by the consumer to the litigation funding company;

and

(C) the total number of days that elapsed between the funding date and

the date the last payment of the charges was made to the litigation

funding company by the consumer.

(ii) the number of litigation contracts that the company has written

off as being uncollectible and for each contract:

(A) the funded amount; and

(B) the total number of days that elapsed between the funding date and

the date the litigation funding company wrote off the contract as being

uncollectible.

(iii) the number of cases initiated by the litigation funding against

a consumer.

(b) The department shall make such information available to the

public, in a manner which maintains the confidentiality of the name of

each company and consumer and other personally identifiable information

of the consumer, no later than ninety days after the reports are

submitted.