200 Saint Paul Place, 16th Floor, Baltimore, Maryland 21202(410) 576-6590 / Email:
Effective October 1, 2016, anyone filing a petition for a transfer of structured settlement payment rights must first be registered with the Office of the Attorney General as a structured settlement transferee. See 2016 Laws of Maryland, Chapter 722. The following structured settlement transferees are currently registered with the Office:
6501 Congress Ave. Suite 140
Boca Raton, FL 33498
1266 East Main Street
Stamford, CT 06902
A structured settlement is "an arrangement for periodic payment of damages for personal injury established by settlement or judgment in resolution of a tort claim." Md. Code Ann., Cts. & Jud. Proc. sec. 5-1101. In Maryland, a person or company seeking to acquire structured settlement payment rights, a "structured settlement transferee," must petition a Maryland court for authorization of the transfer.To review Maryland's structured settlement transfer law, please see:
http://mgaleg.maryland.gov/2016RS/chapters_noln/Ch_722_sb0734T.pdfApplicants seeking to register as a structured settlement transferee must use the following forms. Additional instructions regarding the application process can be found on the first page of the Application form.
The fee for initial registration as a structured settlement transferee is $2,000.Upon registration with the Office of the Attorney General, structured settlement transferees must promptly fulfill the bonding requirement set forth in Maryland law. See Md. Code Ann., Cts. & Jud. Proc. sec. 5-1109. Registrants shall file with the Office of the Attorney General an irrevocable letter of credit or a surety bond in the amount of $100,000, or deposit $100,000 with the Office of the Attorney General. To file a bond or letter of credit, please use the following forms:
Consumers who have questions or concerns about structured settlement transfers may contact the Office of the Attorney General at the phone number and email address above.
200 St. Paul Place, Baltimore, MD 21202
410-576-6300 / En español 410-230-1712 / 1-888-743-0023 toll-free / TTY: Dial 7-1-1 or 800-735-2258