Sell My Structured Settlement in Illinois
Illinois Law for Selling a Structured Settlement
Enacted: August 11, 2003 Effective: January 01, 2004
Permits the sale or assignment of Illinois structured settlement payment rights, subject to a court’s review and approval based on showing that the proposed transfer is in the consumer’s "best interests," taking into account the welfare of the consumer’s dependents (if any). Requires certain disclosures and other consumer protections.