Understand the Statute to Avoid Pitfalls

Understand the Statute to Avoid Pitfalls – Structured Settlement Protection Act (SSPA)

A person interested in selling a structured settlement is enduring some sort of financial pressure, and therefore is in a vulnerable position – and most factoring companies know it. In 2002, the federal government passed the Structured Settlement Protection Act (SSPA) to put safeguards in place to protect the vulnerable consumer. First, the SSPA outlines…