321 Henderson Receivables, L.P. v. Martinez

OPINION OF THE COURT

Alice Schlesinger, J.

*893This case involves a significant, yet often overlooked, statute which appears to have a disproportionate impact on persons of color and persons of limited income. The statute, found in title 17 of New York’s General Obligations Law, is known as the Structured Settlement Protection Act (SSPA). Simply stated, the SSPA requires judicial approval as a precondition to an injured plaintiff’s sale to a third party of future structured settlement payments. Title 17 sets forth both the procedure to be followed and the standard to be applied, effective July…