N.Y. Financial Services Law Section 1004
Payment of charges

A consumer may only be required to pay charges to a litigation funding company when the resolution of any of the consumer’s legal claims subject to a contract is final, related appeals, if any, have been resolved, and proceeds of the settlement, judgment, award or verdict have been received by the consumer’s counsel.

Source: Section 1004 — Payment of charges, https://www.­nysenate.­gov/legislation/laws/FIS/1004 (updated Jun. 19, 2026; accessed Jul. 25, 2026).

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Verified:
Jul. 25, 2026

Last modified:
Jun. 19, 2026

§ 1004. Payment of charges's source at nysenate​.gov

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