A Georgia state senator who wrote the law on selling structured settlements says he can accept a judge's ruling on such a sale, but not the high interest rates. Sen. Michael S. Meyer von Bremen criticized the rates, that could hit nearly 20 percent, charged by the settlement buyer in a case last week before a Fulton superior court judge. The judge found that two people who accepted structured settlements in personal injury suits could assign the payments to another company in exchange for a lump sum.
October 13, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A state senator who wrote the law on selling structured settlements says he can accept a Fulton judge’s ruling on such a sale, but not the high interest rates.
Sen. Michael S. Meyer von Bremen, D-Albany, criticized the rates, that could hit nearly 20 percent, charged by the settlement buyer in the case last week before Fulton Superior Court Judge Rowland W. Barnes.
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