Sell My Structured Settlement in New York

New York Law for Selling a Structured Settlement

Statute and Bill: N.Y. Gen. Oblig. Law §§ 5-1701-1709

Enacted: September 17, 2002 Effective: July 01, 2002

Permits the sale or assignment of New York 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. Amended 9/21/2004.