The Buyer’s Obligations
Most structured settlements are the result of personal injury. As such, the courts want to ensure the aggrieved party receives what they are rightfully entitled to. They also want to ensure that the party is not taken advantage of should they decided to someday sell their structured settlement. That’s why there are laws in place that clearly spell out the buyers obligations.
These obligations vary from state to state so check to find out what they are where you live through one of your state agencies, or with a reputable structured settlement buyer. Many have specific deadlines that must be met as well as required language that must be written into the contract that holds you harmless should the seller not follow through on their end of the deal.
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