Vermont § 2254 - Prohibited acts

§ 2254. Prohibited acts

• (a) A consumer litigation funding company shall not engage in any of the following conduct
  or practices: (1) Pay or offer to pay commissions, referral fees, or any other form of consideration
  to any attorney, law firm, health care provider, health care facility, or an employee
  of a law firm, health care provider, or health care facility for referring a consumer
  to the company. (2) Accept any commissions, referral fees, or any other form of consideration from any
  attorney, law firm, health care provider, health care facility, or an employee of
  a law firm, health care provider, or health care facility. (3) Advertise false or misleading information regarding its products or services. (4) Receive any right to nor make any decisions with respect to the conduct of the consumer’s
  legal claim or any settlement or resolution. The right to make such decisions shall
  remain solely with the consumer and his or her attorney. (5) Knowingly pay or offer to pay for court costs, filing fees, or attorney’s fees either
  during or after the resolution of the legal claim. (6) Refer a consumer to a specific attorney, law firm, health care provider, or health
  care facility. (7) Fail to provide promptly copies of contract documents to the consumer or to the consumer’s
  attorney. (8) Obtain a waiver of any remedy the consumer might otherwise have against the company. (9) Provide legal advice to the consumer regarding the funding or the underlying legal
  claim. (10) Assign a contract in whole or in part to a third party. Provided, however, if the
  company retains responsibility for collecting payment, administering, and otherwise
  enforcing the consumer litigation funding contract, the prohibition in this subdivision
  (10) shall not apply to an assignment: (A) to a wholly owned subsidiary of the company; (B) to an affiliate of the company that is under common control with the company; or (C) granting a security interest under Article 9 of the Uniform Commercial Code or as
  otherwise permitted by law. (11) Report a consumer to a credit reporting agency if insufficient funds remain from the
  net proceeds to repay the company. (12) Require binding arbitration in the event of a dispute between the consumer and the
  company. A consumer has the right to a trial in the event of a contractual dispute. (b) An attorney or law firm retained by a consumer shall not have a financial interest
  in a company offering litigation funding to the consumer and shall not receive a referral
  fee or other consideration from such company, its employees, or its affiliates. (Added 2015, No. 128 (Adj. Sess.), § A.1.)