{"data":{"id":"us-tn/tenn.-code-ann.-47-16-102","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 47-16-102","heading":"Chapter definitions","body":"As used in this chapter: (1) \"Consumer\" means any natural person who resides, is present or is domiciled in this state, or who is or may become a plaintiff or complainant in a dispute in this state; (2) \"Litigation financier\" means a person, entity or partnership engaged in the business of litigation financing; and (3) \"Litigation financing\" or \"litigation financing transaction\": (A) Means a non-recourse transaction in which financing is provided to a consumer in return for a consumer assigning to the litigation financier a contingent right to receive an amount of the potential proceeds of the consumer's judgment, award, settlement or verdict obtained with respect to the consumer's legal claim; and (B) Does not include: (i) Legal services provided on a contingency fee basis, or advanced legal costs, where such services or costs are provided to or on behalf of a consumer by an attorney representing the consumer in the dispute and in accordance with the Tennessee Rules of Professional Conduct; (ii) A commercial tort claim as defined by § 47-9-102 ; or (iii) A claim under the Workers' Compensation Law, compiled in title 50, chapter 6. Acts 2014, ch. 819, § 1.\nAs used in this chapter:\n(1) \"Consumer\" means any natural person who resides, is present or is domiciled in this state, or who is or may become a plaintiff or complainant in a dispute in this state;\n(2) \"Litigation financier\" means a person, entity or partnership engaged in the business of litigation financing; and\n(3) \"Litigation financing\" or \"litigation financing transaction\": (A) Means a non-recourse transaction in which financing is provided to a consumer in return for a consumer assigning to the litigation financier a contingent right to receive an amount of the potential proceeds of the consumer's judgment, award, settlement or verdict obtained with respect to the consumer's legal claim; and (B) Does not include: (i) Legal services provided on a contingency fee basis, or advanced legal costs, where such services or costs are provided to or on behalf of a consumer by an attorney representing the consumer in the dispute and in accordance with the Tennessee Rules of Professional Conduct; (ii) A commercial tort claim as defined by § 47-9-102 ; or (iii) A claim under the Workers' Compensation Law, compiled in title 50, chapter 6.\n(A) Means a non-recourse transaction in which financing is provided to a consumer in return for a consumer assigning to the litigation financier a contingent right to receive an amount of the potential proceeds of the consumer's judgment, award, settlement or verdict obtained with respect to the consumer's legal claim; and\n(B) Does not include: (i) Legal services provided on a contingency fee basis, or advanced legal costs, where such services or costs are provided to or on behalf of a consumer by an attorney representing the consumer in the dispute and in accordance with the Tennessee Rules of Professional Conduct; (ii) A commercial tort claim as defined by § 47-9-102 ; or (iii) A claim under the Workers' Compensation Law, compiled in title 50, chapter 6.\n(i) Legal services provided on a contingency fee basis, or advanced legal costs, where such services or costs are provided to or on behalf of a consumer by an attorney representing the consumer in the dispute and in accordance with the Tennessee Rules of Professional Conduct;\n(ii) A commercial tort claim as defined by § 47-9-102 ; or\n(iii) A claim under the Workers' Compensation Law, compiled in title 50, chapter 6.","path":["TN Code","Title 47","Chapter 16"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"97eccc16204fe83c68302226f82289e2316cda15129bee67f9c844549c524e50","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-47-16-101","next":"us-tn/tenn.-code-ann.-47-16-103"},"notice":"GroundRules: Original legal text. Not legal advice."}