Some states still have, and enforce, statutes that prohibit such involvement. However, most states have joined the modern trend of rejecting these obsolete prohibitions. A loan requires absolute obligation to repay at a specific time certain. RSC advances money to plaintiffs on a purely contingent basis. As such, the advance is not a loan.
Usury laws apply only to loans.
Therefore, RSC advance agreements do not violate usury laws. RSC does not purchase structured settlements after a matter has been resolved. Click here for password protected access.