Last Updated: August 28, 2024
1. General Disclaimer
First Lien Solutions provides financial products and is not a law firm. The information on this website, and any communication from our representatives, does not constitute legal or financial advice. We do not engage in the practice of law and do not interfere with the professional judgment of your attorney. All decisions regarding your legal case are your own, made in consultation with your counsel.
2. Non-Recourse Funding
Our plaintiff funding products are non-recourse. This means that if you do not receive a settlement or judgment in your favor for your legal claim, you owe us nothing. Repayment is contingent upon a successful recovery. This is not a loan; it is a purchase of a portion of the potential proceeds of a legal claim.
3. State-Specific Regulations
The legal funding industry is regulated in certain states. First Lien Solutions is committed to full compliance with all applicable state and federal laws. Our funding agreements and practices are tailored to meet the requirements of the jurisdiction in which the consumer resides. We may not be able to offer funding in all states.
4. Underwriting and Funding Decisions
All funding decisions are at the sole discretion of First Lien Solutions and are subject to our underwriting criteria. An application does not guarantee an offer of funding. Our underwriting process involves a thorough review of case facts, liability, damages, and insurance coverage, conducted in cooperation with your attorney.
5. No Influence on Legal Strategy
First Lien Solutions has no control over the handling of your legal case. We do not and will not influence your attorney’s litigation strategy or your decision of when or whether to settle your case.
6. Ethical Standards
We adhere to best practices for the legal funding industry. Our agreements are written in plain language to be clear and transparent. We encourage all applicants to review our funding agreements with their attorneys before signing.
