New Jersey legislation · 2026-2027 Regular Session
New Jersey S4807: Consumer legal funding providers-regulate
Status: In committee, October 15, 2026
Regulates consumer legal funding providers.
What the bill says
An Act concerning consumer legal funding and supplementing Title 56 of the Revised Statutes.
From the introduced text, October 15, 2026:
An Act concerning consumer legal funding and supplementing Title 56 of the Revised Statutes. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. As used in this act: Advertise means publishing or disseminating any written, electronic or printed communication or any communication by means of recorded telephone messages or transmitted on radio, television, the Internet or similar communications media, including film strips, motion pictures and videos, published, disseminated, circulated or placed before the public, directly or indirectly, for the purpose of inducing a consumer to enter into a consumer legal funding. Charges means the amount of money to be paid to the consumer legal funding company by or on behalf of the consumer, above the funded amount provided by or on behalf of the company to a consumer pursuant to this act. Charges include all administrative, origination, underwriting or other fees no matter how denominated. Commissioner means the Commissioner of Banking and Insurance. Consumer means a natural person who has a legal claim and who resides in New Jersey. Consumer also means the estate of a decedent who resided or was domiciled in New Jersey at the time of their death and has a legal claim for wrongful death or survival. Consumer legal funding or funding means a non-recourse transaction in which a …
Sponsors
- John F. McKeon (D, 27) · primary sponsor
Latest actions
- : INT 1RS REF SCM
Subjects: BANKING AND FINANCE - CONSUMER FINANCE
Common questions
- What is S4807?
- S4807 is a bill in the New Jersey Legislature (2026-2027 Regular Session): Consumer legal funding providers-regulate.
- What does S4807 do?
- In its own words: An Act concerning consumer legal funding and supplementing Title 56 of the Revised Statutes.
- What is the status of S4807?
- In committee as of October 15, 2026. Latest action: INT 1RS REF SCM (October 15, 2026).
- Who sponsored S4807?
- John F. McKeon (D, 27).
- Where is the official record for S4807?
- On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/S4807
Source: official New Jersey record. Tracked by Delilah, AI for legislation across all 50 states and Congress.