In re Settlement Capital Corp.

OPINION OF THE COURT

George B. Ceresia, Jr., J.

Petitioner, Settlement Capital Corporation, has made application for approval of transfer of a periodic payment under General Obligations Law title 17, entitled “Structured Settlement Protection Act” (SSPA). The SSPA was adopted by the State Legislature in 2002 (L 2002, ch 537) to afford greater protection to individuals either entering into a structured settlement agreement or negotiating to sell or transfer a periodic payment thereunder to a third party. As relevant here, *712the enactment provides for disclosure with respect to the terms and…