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November 21, 2024 Clouds | 45°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part III COURTS, JUDICIAL OFFICERS AND PROCEEDINGS IN CIVIL CASES
  3. Title II ACTIONS AND PROCEEDINGS THEREIN
  4. Chapter 231C STRUCTURED SETTLEMENT CONTRACTS
  5. Section 3 Waiver of Secs. 2 to 4; payee penalty for failure to transfer

Section 3

Section 3: Waiver of Secs. 2 to 4; payee penalty for failure to transfer

Section 3. (a) The provisions of sections 2 to 4, inclusive, shall not be waived.

(b) No payee who proposes to make a transfer of structured settlement payment rights shall incur a penalty, forfeit an application fee or other payment, or otherwise incur any liability to the proposed transferee based on the failure of the transfer to satisfy the conditions of section 2.