Settlement Capital Corporation is the most knowledgeable and dependable structured settlement factoring company in the industry. With over 18 consecutive years in the business, we have seen our industry evolve into a stable regulated business. We have found that information is hard to obtain so we have dedicated a significant portion of our website strictly to education about the settlement factoring business.
The passing of the federal law HR2884 which became IRC 5891 was monumental in establishing our industry’s credibility. This law validated our industry and helps plaintiffs gain access to their structured settlement annuity payments. It also clarified that transfer sales are completely tax-free for both the annuitants and the annuity providers.
IRC 5891 (HR2884) mandates judicial oversight by the individual states including court approval of all transfers and their focus on the annuitant’s best interest. SCC has successfully helped develop these laws and continues to promote laws that protect consumers rights.
While 46 states have transfer laws in place, SCC continues to work to enact new laws in the states that have not passed transfer act laws. Our Legislative update will keep you abreast of legislative changes and proposals. We will also keep you informed of any other legislative efforts regarding the structured settlement factoring industry.
Our podcasts will provide you with a different form of communication. Through audio feeds, we will give you concise updates and information. The podcasts will cover a spectrum of topics regarding the structured settlement factoring industry and Settlement Capital.
Settlement Capital is and has been associated with many different organizations throughout the years. These organizations all bring a certain dynamic to their specific part of the Structured Settlement Industry. Anyone interested in and/or involved in the structured settlement business should be aware of the following organizations:
National Association of Settlement Purchasers (NASP)
National Structured Settlement Trade Association (NSSTA)
Society of Settlement Planners (SSP)
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