Lawsuit Loans in Montana
Uplift Legal Funding provides non-recourse lawsuit loans in Montana. Montana has a population of 1,032,949, making it the 13th largest state in the United States. It ranks 28th for per-capita fatal injuries (D.C. included).
Legal funding is currently regulated on a state-by-state basis. Based on industry data, Uplift developed a scale to measure a state’s ‘legal funding ease’ quotient. On a scale of 0 to 10, Montana scores a 10.0, which signfies that it is very easy for injured plaintiffs to access legal funding in Montana. To learn more about injury statistics and legal funding in your state, read this brief guide to Montana lawsuit loans
Accident Injury in Montana
Montana’s yearly injury death rate of 88.7 per 100,000 places it 47.8% higher than the national average of 60.1.
Montana residents drive an estimated total of 12 billion miles yearly. That means the average Montana resident drives about of 11,951 miles per year. That figure is 24.1% higher than the U.S. national average of 9,630 miles per year.
Aside from miles driven, local seatbelt and drinking and driving habits play a large part in the auto accident death rate. Montana residents are fairly bad when it comes to buckling up, reporting a 76.0% use rate.
The drinking rate in Montana, or the percent of people who report drinking too much before driving at least once in the prior month is 3.4%, which is 84.0% higher than the national average of 1.8%.
In part due to these factors, the car accident fatality rate in Montana is 21.7. This compares unfavorably to the US national average of 10.9, and costs the state $299 million yearly.
Montana Lawsuit Funding Cheat Sheet
According to Title 27, Ch. 2, 27-2-204 and 27-2-207; the statute of limitations for personal injury cases in Montana is 3 years. This means that you may lose the right to sue if you do not file your legal claim within that time-frame.
Different states follow slightly differing comparative negligence statutes. In Montana, the guideline is modified comparative fault with a 51% threshold. Basically, this means that plaintiff negligence reduces recovery. If plaintiff negligent at more than 51%, there is no recovery – Mont. Stat. § 27-1-702. Often, for legal funding requests early-on in a case, companies providing lawsuit loans in Montana must assume state minimum policy limits of:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $25,000 property damage liability per accident
- $25,000 uninsured motorist coverage per person
- $50,000 uninsured motorist coverage per accident
Regulation of Lawsuit Loans in Montana
Lawsuit loans in Montana remain largely unregulated and most legal funding companies provide funding in the state.
Despite lack of regulation, reputable companies follow basic best-practice disclosure guidelines for legal funding contracts. Lawsuit lenders nationwide should display rates, fees and repayment terms prominently.
Lawsuit Loans from Uplift Legal Funding
Uplift Legal Funding provides non-recourse lawsuit loans on personal injury claims in most states. If you have any questions, or are interested in legal funding, apply online or give us a call at (800) 385-3660.