by Structured Settlement Watchdog
Someone is disregarding the amendments to the Florida Structured Settlement Protection Act. According to insiders, the culprit is a member of the National Association of Settlement Purchasers and continues to actively relocate individuals to Florida to outmaneuver competitors.
Structured settlement sellers who falsely sign affidavits claiming residency Florida face significant challenges in undoing deals that may not serve their best interests due to involvement in the fraud.
New York residents who fall victim to the forum shopping deceptionare constrained by an arbitration provision that would not be permissible in New York
Forum shopping target states such as Florida, due to its high concentration of settlemen payment purchasing companies, should have a minimum residency requirement of at least 6 months as a deterrent to prevent a desperate annuitant from being lured into a quick jaunt to Florida to sign a short team lease, open a bank account and get a Florida driver’s license.
Think twice about letting yourself get induced into the commission of fraud as a legitimate business practice.by unethical structured settlement factoring companies that are engaging in this conduct.