Transfers of Structured Settlement Payment RightsOriginally Posted on April 13, 2019 and reposted on August 12, 2019

Block 16.7 Article 2.3 Transfers of Structured Settlement Payment Rights   When “Notice” is Considered “Given” by Law for Article 2.3 in CA Insurance Code   It’s NOT with an out of the country, private courier on the DAY OF the documents are due to an old address that is no longer in service.  Your transfer will be postponed; guaranteed.   It IS with United States mail, to a current, active address, FIRST CLASS POSTAGE, NO LESS than 5 calendar days before the due date.   You must know by now there are a lot of notices sent out by […]

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AN INDEPENDENT PROFESSIONAL ADVISOR (IPA) CAN USUALLY GET YOU MORE MONEY FOR THE STRUCTURED SETTLEMENT PAYMENTS YOU ARE SELLING

AN INDEPENDENT PROFESSIONAL ADVISOR (IPA) CAN USUALLY GET YOU MORE MONEY FOR  THE STRUCTURED SETTLEMENT PAYMENTS YOU ARE SELLING Every sale of a structured settlement requires prior court approval first, and 48 states have currently enacted some form of “consumer protection legislation” to protect all sellers of structured settlement payment streams.  Central to each and every one of the 48 different state statues is the use of an Independent Professional Advisor is either highly encouraged, or required! Why; because before any judge can approve a sale of a structured settlement, a judge must decide if it is “in the best […]

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Transfers of Structured Settlement PaymentOriginally Posted on March 13, 2019 and reposted on July 15, 2019

Transfers of Structured Settlement Payment Rights   Compliance to Contract Writing is the Responsibility of the Transfer Company   The California Insurance Code puts the onus on the transfer company to get all of the contracts right.  The Insurance Code spells out the terms of the disclosure statement, and the transfer agreement in Sections 10136, 10137, and 10138 to the transfer company, and only the transfer company. The code below states that it is the sole responsibility of the transfer company to draft these and any other necessary contracts to “seal the deal” for a successful transfer of payment rights. […]

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The post Transfers of Structured Settlement Payment<span class="entry-meta">Originally Posted on March 13, 2019 and reposted on July 15, 2019</span> appeared first on Structured Settlement Expert.