Structured Settlement Laws by State

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A

Can I Sell My Structured Settlement in Alabama?

Yes — under Alabama's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Ala. Code §§ 6-11-700 to 6-11-715
Enactment Date: 2009
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers the best interest of the payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in Alaska?

Yes — under Alaska's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Alaska Stat. §§ 09.65.300 to 09.65.340
Enactment Date: 2004
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers the best interest of the payee and dependents, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in Arizona?

Yes — under Arizona's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Ariz. Rev. Stat. §§ 12-2901 to 12-2910
Enactment Date: 2003
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period after contract execution
  • Notice to all interested parties
Court Approval Process: Court considers the best interest of the payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in Arkansas?

Yes — under Arkansas's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Ark. Code Ann. §§ 23-81-701 to 23-81-711
Enactment Date: 2005
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers the best interest of the payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

C

Can I Sell My Structured Settlement in California?

Yes — under California's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Cal. Insurance Code §§ 10134–10139.5
Enactment Date: 2000 (amended 2013)
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 10-day cooling-off period after contract execution
  • Independent professional advice required unless waived
  • Notice to all interested parties
Court Approval Process: Petition filed in superior court; court considers best interest of payee and dependents, financial needs, and advice received.
Prohibited Practices:
  • No transfer without court approval
  • No targeting minors or incapacitated persons
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in Colorado?

Yes — under Colorado's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Colo. Rev. Stat. §§ 13-23-101 to 13-23-107
Enactment Date: 2004
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in Connecticut?

Yes — under Connecticut's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Conn. Gen. Stat. §§ 52-225g to 52-225l
Enactment Date: 2003
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period after contract execution
  • Notice to all interested parties
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

D

Can I Sell My Structured Settlement in Delaware?

Yes — under Delaware's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Del. Code Ann. tit. 6, §§ 6601A to 6609A
Enactment Date: 2003
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period after contract execution
  • Notice to all interested parties
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in District of Columbia?

Yes — under D.C.'s Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: D.C. Code §§ 31-3301.01 to 31-3301.13
Enactment Date: 2003
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period
  • Notice to all interested parties
Court Approval Process: Petition filed in D.C. Superior Court; court considers best interest of payee and dependents.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

F

Can I Sell My Structured Settlement in Florida?

Yes — under Florida's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Fla. Stat. §§ 626.99296
Enactment Date: 2001
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period after contract execution
  • Notice to all interested parties
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

G

Can I Sell My Structured Settlement in Georgia?

Yes — under Georgia's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Ga. Code Ann. §§ 51-12-70 to 51-12-78
Enactment Date: 2003
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

H

Can I Sell My Structured Settlement in Hawaii?

Yes — under Hawaii's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Haw. Rev. Stat. §§ 431:10B-101 to 431:10B-114
Enactment Date: 2004
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

I

Can I Sell My Structured Settlement in Idaho?

Yes — under Idaho's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Idaho Code §§ 41-2501 to 41-2512
Enactment Date: 2004
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in Illinois?

Yes — under Illinois's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: 215 Ill. Comp. Stat. 153/1 to 153/35
Enactment Date: 2003
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period after contract execution
  • Notice to all interested parties
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in Indiana?

Yes — under Indiana's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Ind. Code §§ 34-50-2-1 to 34-50-2-23
Enactment Date: 2003
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in Iowa?

Yes — under Iowa's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Iowa Code §§ 682.1 to 682.12
Enactment Date: 2001
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

K

Can I Sell My Structured Settlement in Kansas?

Yes — under Kansas's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Kan. Stat. Ann. §§ 60-4601 to 60-4621
Enactment Date: 2004
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in Kentucky?

Yes — under Kentucky's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Ky. Rev. Stat. Ann. §§ 454.430 to 454.435
Enactment Date: 2002
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

L

Can I Sell My Structured Settlement in Louisiana?

Yes — under Louisiana's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: La. Rev. Stat. Ann. §§ 9:2715.1 to 9:2715.6
Enactment Date: 2001
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

M

Can I Sell My Structured Settlement in Maine?

Yes — under Maine's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Me. Rev. Stat. Ann. tit. 24-A, §§ 2241 to 2248
Enactment Date: 2003
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period after contract execution
  • Notice to all interested parties
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in Maryland?

Yes — under Maryland's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Md. Code Ann., Cts. & Jud. Proc. §§ 5-1101 to 5-1112
Enactment Date: 2000
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period after contract execution
  • Notice to all interested parties
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in Massachusetts?

Yes — under Massachusetts's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Mass. Gen. Laws ch. 231C, §§ 1 to 7
Enactment Date: 2000
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period after contract execution
  • Notice to all interested parties
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in Michigan?

Yes — under Michigan's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Mich. Comp. Laws §§ 691.1301 to 691.1311
Enactment Date: 2006
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period after contract execution
  • Notice to all interested parties
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in Minnesota?

Yes — under Minnesota's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Minn. Stat. §§ 549.31 to 549.34
Enactment Date: 2000
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period after contract execution
  • Notice to all interested parties
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in Mississippi?

Yes — under Mississippi's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Miss. Code Ann. §§ 11-57-1 to 11-57-23
Enactment Date: 2003
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in Missouri?

Yes — under Missouri's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Mo. Rev. Stat. §§ 407.1060 to 407.1076
Enactment Date: 2002
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in Montana?

Yes — under Montana's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Mont. Code Ann. §§ 33-20-1401 to 33-20-1415
Enactment Date: 2005
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

N

Can I Sell My Structured Settlement in Nebraska?

Yes — under Nebraska's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Neb. Rev. Stat. §§ 25-3101 to 25-3113
Enactment Date: 2001
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in Nevada?

Yes — under Nevada's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Nev. Rev. Stat. §§ 42.500 to 42.550
Enactment Date: 2003
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in New Hampshire?

Yes — under New Hampshire's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: N.H. Rev. Stat. Ann. §§ 408-D:1 to 408-D:12
Enactment Date: 2002
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period after contract execution
  • Notice to all interested parties
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in New Jersey?

Yes — under New Jersey's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: N.J. Stat. Ann. §§ 2A:16-63 to 2A:16-73
Enactment Date: 2001
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period after contract execution
  • Notice to all interested parties
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in New Mexico?

Yes — under New Mexico's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: N.M. Stat. Ann. §§ 39-1A-1 to 39-1A-10
Enactment Date: 2003
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in New York?

Yes — under New York's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: N.Y. Gen. Oblig. Law §§ 5-1701 to 5-1709
Enactment Date: 2002
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period after contract execution
  • Notice to all interested parties
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in North Carolina?

Yes — under North Carolina's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: N.C. Gen. Stat. §§ 1-543.10 to 1-543.18
Enactment Date: 2005
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in North Dakota?

Yes — under North Dakota's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: N.D. Cent. Code §§ 32-03.4-01 to 32-03.4-12
Enactment Date: 2003
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

O

Can I Sell My Structured Settlement in Ohio?

Yes — under Ohio's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Ohio Rev. Code Ann. §§ 2323.58 to 2323.587
Enactment Date: 2000
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in Oklahoma?

Yes — under Oklahoma's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Okla. Stat. tit. 12, §§ 3238 to 3248
Enactment Date: 2001
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in Oregon?

Yes — under Oregon's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Or. Rev. Stat. §§ 33.850 to 33.872
Enactment Date: 2005
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

P

Can I Sell My Structured Settlement in Pennsylvania?

Yes — under Pennsylvania's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Pa. Cons. Stat. Ann. §§ 4001 to 4009
Enactment Date: 2000
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

R

Can I Sell My Structured Settlement in Rhode Island?

Yes — under Rhode Island's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: R.I. Gen. Laws §§ 27-57.1-1 to 27-57.1-13
Enactment Date: 2003
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period after contract execution
  • Notice to all interested parties
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

S

Can I Sell My Structured Settlement in South Carolina?

Yes — under South Carolina's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: S.C. Code Ann. §§ 15-50-10 to 15-50-70
Enactment Date: 2002
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in South Dakota?

Yes — under South Dakota's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: S.D. Codified Laws §§ 21-71-1 to 21-71-13
Enactment Date: 2004
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • Notice to all interested parties
  • No explicit cooling-off period in statute
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

T

Can I Sell My Structured Settlement in Tennessee?

Yes — under Tennessee's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Tenn. Code Ann. §§ 47-30-101 to 47-30-123
Enactment Date: 2000
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period after contract execution
  • Notice to all interested parties
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in Texas?

Yes — under Texas's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Tex. Civ. Prac. & Rem. Code §§ 141.001 to 141.007
Enactment Date: 2003
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period after contract execution
  • Notice to all interested parties
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

U

Can I Sell My Structured Settlement in Utah?

Yes — under Utah's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Utah Code Ann. §§ 31A-36-101 to 31A-36-117
Enactment Date: 2003
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period after contract execution
  • Notice to all interested parties
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

V

Can I Sell My Structured Settlement in Vermont?

Yes — under Vermont's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Vt. Stat. Ann. tit. 9, §§ 2480aa to 2480ff
Enactment Date: 2002
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period after contract execution
  • Notice to all interested parties
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in Virginia?

Yes — under Virginia's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Va. Code Ann. §§ 59.1-475 to 59.1-484
Enactment Date: 2003
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period after contract execution
  • Notice to all interested parties
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

W

Can I Sell My Structured Settlement in Washington?

Yes — under Washington's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Wash. Rev. Code §§ 19.205.010 to 19.205.920
Enactment Date: 2002
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period after contract execution
  • Notice to all interested parties
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in West Virginia?

Yes — under West Virginia's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: W. Va. Code §§ 46A-6H-1 to 46A-6H-8
Enactment Date: 2003
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period after contract execution
  • Notice to all interested parties
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in Wisconsin?

Yes — under Wisconsin's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Wis. Stat. §§ 895.10 to 895.102
Enactment Date: 2005
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period after contract execution
  • Notice to all interested parties
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources:

Can I Sell My Structured Settlement in Wyoming?

Yes — under Wyoming's Structured Settlement Protection Act (SSPA), transfers are allowed with court approval.

Statute Citation: Wyo. Stat. Ann. §§ 1-16-701 to 1-16-707
Enactment Date: 2005
Key Provisions:
  • Court approval required for all transfers
  • Written disclosure of terms and fees to payee
  • 3-day cooling-off period after contract execution
  • Notice to all interested parties
Court Approval Process: Court considers best interest of payee and dependents, financial needs, and whether the payee received independent professional advice.
Prohibited Practices:
  • No transfer without court approval
  • No misrepresentation of terms
Additional Resources: