Sell My Structured Settlement in Maryland

Maryland Law for Selling a Structured Settlement

Statute and Bill: Md. Code Ann. Cts. & Jud. Proc. §§ 5-1101-5-1105

Enacted: May 11, 2000 Effective: October 01, 2000

Permits the sale or assignment of Maryland 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.