TORTS Damages: Regulate the Transfer of Structured Settlement Payment Rights; Provide that No Such Transfer Shall Be Effective Unless Certain Disclosures Are Made; Provide for a Right of Rescission with Respect to Such Transactions; Provide for Enforcement

The Act requires certain disclosures to structured settlement sellers, including discount rates, fees and other costs. The Act further provides for a cool- off period after parties execute such a transfer, during which a seller may rescind the contract without penalty. A violation of this Act shall also violate the Georgia Fair Business Practices Act (GFBPA). The Administrator of the GFBPA may enforce the provisions of this Act through administrative fines or a court-ordered injunction, if necessary.