Patrick Farber Structured Settlement Brokers

NSSTA Provides Insight on “Recycled Payment Rights”

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Pat-Farber-Insight-on-Recycle-PaymentsThe National Structured Settlement Trade Association (NSSTA) recently issued a memo* discussing the selling of factored structured settlements payments (“recycled payment rights”) as investment vehicles or as a means to fund future settlement payments. In its memo, NSSTA pointed out the differences between structured settlements and recycled payment rights:

recycled_payment_rights_patrick_farber

Additional Reading & Information:
In June 2012 the NSSTA Board wrote to the membership to clarify that engaging in or promoting the marketing or distribution of payment rights previously acquired in a structured settlement factoring transaction are activities that are inconsistent with NSSTA’s mission. Recent developments have led to renewed questions about use of recycled payment rights as an investment vehicle and even as a means of funding future settlement payments. This memo recapitulates some of the reasons for this conclusion.

Read NSSTA Board Memo

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Author

Patrick C. Farber

Pat Farber has 35 years of insurance experience with more than 30 years in the structured settlement field. Pat specializes in providing structured annuities for medical malpractice, personal injury, product liability, workers’ compensation, toxic torts, and construction defect cases as well as for non-physical injury cases and attorney fees. He participates in court hearings, arbitrations and settlement conferences throughout California, the West Coast and in other areas of the United States. He has personally placed over $3 billion in annuity premiums and U.S. Government notes.

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