Pre-settlement funding rules in Illinois.

Criterica Capital prices matters here from the court record and brings them to capital partners built for each transaction. Illinois regulates consumer litigation funding under the Consumer Legal Funding Act, 815 ILCS 121/1 et seq.. Fee capped at 18% of the funded amount per 6-month period, plus a one-time document preparation fee of no more than $75. Champerty is a disfavored, narrow doctrine in modern Illinois practice. No reported Illinois decision treats non-recourse third-party litigation funding, standing alone, as champertous — the doctrine's modern application is generally limited to a party that acquires a claim for the primary purpose of controlling and profiting from litigation it has no independent interest in.

Rates and terms are set by the capital provider and written in the provider's agreement before signing. Fee capped at 18% of the funded amount per 6-month period, plus a one-time document preparation fee of no more than $75. No charges may accrue beyond 42 months from the funding date. The amount owed must be a predetermined, time-based sum — never a percentage of the recovery. Where a state sets a lower limit, the state limit applies.

Criterica Capital reviews the request and the case information your attorney provides, and may introduce qualified matters to independent capital providers. Providers make their own decisions, set their own terms and fund. Timing depends on the case, the documents and the provider.

Non-recourse funding is repaid only from a recovery. If the case does not produce one, nothing is owed under the agreement. The provider's agreement states the terms.

Your attorney must be retained and involved. Criterica Capital works through your attorney, who provides the case documentation for review. No fee is charged to the attorney.

Whether a second advance is possible depends on the provider and on the remaining net recovery after the first advance is repaid. Every funding agreement is disclosed to your attorney.