Maryland is the Epicenter of Structured Settlement Woes

Over the past year, Maryland has been front and center with regard to lawsuits focusing on the structured settlement secondary market.  Access Funding, LLC has been the subject of a lawsuit brought by the Maryland Attorney General, Brian Frosh.  A civil suit was also filed against Access Funding, alleging, among other things, unfair business practices.  Maryland has actively sought additional protections for structured settlement annuitants, including registration requirements for transferees.  Ultimately, better business practices are better for buyers, sellers, and investors. But, this story isn’t finished – there is surely more to come.