Relating to: nonrecourse civil litigation advances, prohibiting certain foreign persons from financing civil litigation, and providing a penalty.

AB 715 regulates "nonrecourse civil litigation advances," where companies provide cash to people with pending lawsuits in exchange for a share of settlement proceeds. It directly affects consumers (individuals with legal disputes) and companies offering these advances by setting strict limits: maximum $100,000 per advance, finance charges capped at the weekly prime rate plus 10%, and repayment must occur within 36 months. The bill requires clear contract disclosures (in bold, 12-point font) about costs, the right to cancel within 5 days, and prohibits companies from controlling lawsuits or paying referral fees to attorneys. Violations incur fines of $25-$5,000 per offense, with additional penalties for willful violations.