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Can I sell my structured settlement payments if my state does not have a law specifying how the sale of structured settlements should be handled?

April 26, 2017handled Law PAYMENTS sale sell settlements specifying State structured

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Can I sell my structured settlement payments if my state does not have a law specifying how the sale of structured settlements should be handled?

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The states with a law specifying how the sale of structured settlements should be handled continues to grow. However, if your state does not yet have a law modeled on the 2002 federal law that defined the framework for selling structured settlement payments, it is likely that the insurance company making your settlement payments is based in a state that does have such a law. In this situation the law of the state where the insurance company is based is used to specify the process by which your structured settlement payments will be sold.