Litigation Funding

Registration Requirement For Litigation Financiers

Governor Kemp signed Senate Bill 69 (SB69) into law on April 21, 2025, which seeks to establish guardrails related to litigation financing in Georgia.  Broadly speaking, SB69: 1) protects consumers from abusive behavior by creating a disclosure regime for litigation financiers; 2) eliminates foreign influence in civil cases by restricting foreign ownership of litigation financiers; 3) requires litigation financiers to register with the Department of Banking and Finance (Department); and 4) makes the involvement of a litigation financier discoverable in civil cases.  The bill was introduced by Senator John Kennedy and sponsored in the House by Representative James Burchett.  The majority of the provisions in the bill, including the requirement that litigation financiers be registered with the Department, are effective on January 1, 2026. 

The Department strongly encourages every litigation financing company to review the bill to ensure a thorough understanding of all the applicable provisions.  Senate Bill 69 can be viewed at: Georgia General Assembly - SB 69.

Pursuant to SB69, the Department is authorized to utilize the Nationwide Multistate Licensing System and Registry (NMLS) for the receipt and processing of registration applications.  The Department anticipates providing litigation financiers with directions on the registration process by no later than the first of October.  This should provide the industry with adequate time to submit information required as part of the registration process as well as permit the Department to timely process the registration applications. 

If there are any questions or concerns related to registration with the Department, please do not hesitate to contact [email protected].  Your inquiry will be responded to in a timely manner.

This is a very exciting time for the Department.  We look forward to being exposed to a new industry and to tackling any challenges that arise in the registration process.