At Tribeca Lawsuit Loans, we provide immediate pre-settlement funding in the state of Utah at competitive interest rates, designed to cater to the needs of those involved in personal injury lawsuits at present.
Looking to draw money from your lawsuit? We can facilitate a cash advance ranging from $500 to $2,000,000, contingent on your injury lawsuit case’s value. We are highly praised and reviewed by previous clients, and we maintain a broad presence throughout Utah. We are capable of supplying you with a cash advance in a minimal timeframe of 24 hours! Submit your application today!
Our firm’s lawsuit loans (also termed as case loans or lawsuit funding) can be applied to any expenses that emerge while the plaintiff’s lawsuit (your lawsuit) is in progress and prior to receiving your justified compensation from a winning trial verdict or settlement against the defendant. Numerous clients utilize the funds we disburse for medical expenses, rent or mortgage payments, utility bills, or even day-to-day costs like food or transportation.
Obtain your funding today! Reach out to our welcoming and experienced team at (866) 388-2288 or connect with them via this quick online form, for any queries or doubts you have regarding the pre-settlement funding process. We don’t demand a credit check or proof of income for our lawsuit settlement loans because you are not required to repay Tribeca Lawsuit Loans if your case is unsuccessful.
Three Steps To Your Cash Advance
Step 1: APPLY for Lawsuit funding in Utah now
Submit your application to us for funding. Our lawsuit loan application includes the following process:
- No credit check
- No income verification
- No asset evaluation
- No hidden fees
- No money up-front
Step 2: REVIEW
Our fast and proficient team will review your case. We support many different types of cases including personal injury, car accident, premises negligence, workers’ comp, class action and more.
Step 3: FUNDING
Tribeca Lawsuit Loans sends a contract detailing terms of funding. Cash is distributed quickly and securely.
Specific Laws and Regulations regarding Lawsuit Funding in Utah
In Utah, Tribeca Lawsuit Loans average case funding varies but can go up to $2,000,000 depending on your lawsuit. The state follows the Modified Comparative Fault – 50% Bar law, as per U.C.A. § 78B-5-818(2), which permits plaintiffs to recover only when the defendant’s fault exceeds that of the plaintiff’s.
Statute of Limitations and Insurance Policy Limits
The Statute of Limitations in Utah stands at 4 years, according to Title 78, Ch. 12, Sec. 78-12-25. Insurance policy limits for bodily injury and property damage are set at $25,000 per person, $65,000 per accident for bodily injury liability, and $15,000 for property damage liability. Personal injury protection is set at $3,000.
Auto Insurance and Workers Compensation
The state mandates minimum Underinsured Motorist (UIM) auto insurance limits at 25/65/15, with Personal Injury Protection (PIP) at $3,000. However, workers’ compensation claimants are not eligible for funding.
Regulations and Disclosure Requirements
Personal injury plaintiffs in Utah are required to disclose any previous funding received during the case. Should there be a lien, Tribeca Lawsuit Loans must arrange for its payment. For lawsuits against the state or a political subdivision, Utah’s H.B. 407 bill necessitates the disclosure of all funding sources.
Disclosure and Transparency
Although pre-settlement funding is mostly unregulated in Utah, Tribeca Lawsuit Loans adheres to best-practice disclosure guidelines. This means all rates, fees, and repayment terms are outlined clearly and prominently in all documentation.
Who Qualifies for Utah Lawsuit Loans?
As long as you are the plaintiff in an ongoing lawsuit, you likely qualify for a loan from Tribeca. We have worked with clients just like you who had cases like:
- Car accidents
- Premises liability claims
- Labor law violations
- Disputes between businesses
- FELA railroad claims
- Whistleblower or Qui Tam cases
Since repayment of a lawsuit loan is tied directly to your compensation package, the details of your claim are what qualify you for funding rather than details related to your personal finances. That means we DON’T require a credit check, bank statements, or a deep dive into your spending habits.
Are Lawsuit Loans Legal in Utah?
Legal funding is completely legal in Utah and is regulated by the state to ensure that consumers are kept safe. All regulations can be found in the Litigation Funding Practices Act. They include important points like:
- Requiring lenders to be licensed and registered in the state
- Requiring specific notices to be given to consumers regarding fees/interest
- Limiting the annual interest rate on lawsuit loans
Tribeca abides by all these regulations as well as industry best practices. For example, we only charge simple interest rather than compound interest.
How Much Can You Get as a Utah Lawsuit Loan?
The amount you receive as a Utah lawsuit loan directly depends on your lawsuit. Those who stand to earn higher amounts of compensation often are eligible for higher amounts of funding. When you apply for a Utah lawsuit loan, our pre-settlement funding underwriters will look into factors like:
- Your expected compensation amount
- How long your lawsuit is expected to last
- Any issues related to liability that may reduce your compensation
- Jury award precedents in similar cases
Depending on our findings, Tribeca is able to provide you with anywhere from $500 to $1 million. After you have been approved and all the contract paperwork is signed, we can have the money in your bank account in as little as 24 hours! Spend it on anything you need, including rent or mortgages, transportation costs, food, medical bills, and more.
Apply Now to Get Your Utah Legal Funding
If you are ready to experience financial freedom while your attorney works to get you the compensation you need, fill out our FREE online application form. Our team is also ready to take your calls about the lawsuit loan process at (866) 388-2288.
We offer lawsuit loans in the following locations:
FAQ
What is the civil lawsuit process typically like in Utah?
- Filing a Complaint: The process starts when the plaintiff (the person bringing the lawsuit) files a complaint in the appropriate court. The complaint outlines the legal and factual basis for the claim.
- Serving the Defendant: The defendant (the person being sued) is then served with a copy of the complaint and a summons.
- Response from the Defendant: The defendant has 21 days to respond to the complaint (30 days if served outside of Utah). The response can be an answer, a motion to dismiss, or another relevant pleading.
- Discovery: Both parties then enter the discovery phase, where they exchange evidence and gather information about the case. This can involve depositions, interrogatories, and requests for production of documents.
- Negotiation and Settlement: Throughout the process, parties may negotiate and could reach a settlement agreement to avoid going to trial.
- Trial: If a settlement isn’t reached, the case goes to trial where a judge or jury will determine the outcome. The plaintiff must prove their case by a preponderance of the evidence.
- Judgment and Appeals: After the trial, the court issues a judgment. The losing party may appeal the judgment to a higher court within 30 days.
- Collection: If the plaintiff wins, they may need to take additional steps to collect the money awarded in the judgment.
Can I obtain a lawsuit loan in Utah?
Yes, lawsuit loans, also known as pre-settlement funding, are available in Utah. Companies like Tribeca Lawsuit Loans offer this financial assistance to plaintiffs involved in legal cases in Utah. Lawsuit loans are based on the potential settlement or judgment of the case. To apply for funding, plaintiffs provide details about their case and legal representation. The funding company evaluates the merits of the case, the likelihood of success, and the estimated settlement amount. If approved, the plaintiff receives a non-recourse cash advance, which means repayment is only required if they win the case. The funds can be used to cover living expenses, medical bills, legal fees, and other financial obligations during the lawsuit process. It’s important to note that specific regulations and requirements govern lawsuit loans, so consulting with a legal professional and the chosen funding company is recommended for personalized guidance and information.