Utah Litigation Funding Provider Bond

A new Utah bill that was recently enacted will require a surety bond of litigation funding providers.

Details on the New Requirement

The new bill, titled UT H 312, and effective 05/12/2020, regulates litigation funding practices under the Division of Consumer Protection within the Commerce Department, and would require a litigation funding provider to register by submitting an application which includes, among other things, proof of a surety bond in an amount of at least $50,000.

How to Apply for a Surety Bond

If you find that you must obtain this surety bond, you’ll need to contact a bond provider who is licensed to to business in Utah. JW Surety Bonds is licensed nationwide, so please apply for a free quote online, or feel free to reach out to us if you’d like assistance with obtaining this bond.

Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog. He has held a range of different roles within the surety industry, from agent assistant to bond issuer, which gives him a unique insider perspective on surety related topics.

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