), [U]nless otherwise ordered, leave to amend within 10 days is deemed granted, except for actions in forcible entry, forcible detainer, or unlawful detainer in which case 5 calendar days is deemed granted. (Cal. We value your privacy. Accordingly, our review is limited to determining whether any error appears on the face of the record.' (Ibid.). Is nonsense and I called them to fix it yet, they treat me badly, and didn't want to help me fix the issue. Due process requires that, prior to depriving a person of life, liberty, or property, the person must be given reasonable notice and a meaningful opportunity to be heard. . Select Portfolio Servicing Responses to Borrowers Class Action This class action brings suit against Select Portfolio Servicing, Inc. (SPS). This ensures that the best possible legal professional is assigned to the case and that all necessary information is made available to the Select Portfolio Servicing Management in the case of an emergency. JORDAN VS SELECT PORTFOLIO SERVICING, INC. Dept: 07; Action text: CASE MANAGEMENT CONFERENCE, ORIGINAL SUMMONS ON COMPLAINT FILED 10/26/2021 OF MARION JORDAN FILED, CLERK`S TICKLER TO CHECK FOR PROOF OF SERVICE WAS SET FOR 12/30/21 AT 7:00 IN DEPT. [Citations.] endstream Constance Daniels v. Select Portfolio Servicing, Inc., No. 19-10204 The defendants attorney, who was responsible for handling legal issues related to the loan, had failed to properly prepare and file a complaint against the plaintiff. 7. Thus, an appellate court may review a forfeited claim-and [w]hether or not it should do so is entrusted to its discretion. Box is: P.O. There are a number of other functions that are performed by the Select Portfolio Servicing case manager. As they been told loan dont exist an I the homeowner for family. At this point, Esperanza Corral is not likely to receive a large cash advance. It has been a struggle and a fight for SPS to accept and make payments to our Insurance company (AF - the company I've had for over 15 years with no problems). Select Portfolio Servicing LawSuit What You Need To Know About, Brandeises School of Law University of London School of Law, Demeco Ryans Texans Lawsuit: An In-Depth Analysis, How an Electrical Engineer Expert Witness Can Help Strengthen Your Legal Case, Cruise Ship Norovirus Outbreak: Seeking Compensation for Illness, Mistakes to Avoid in Personal Injury Cases: Insights from Legal Experts, Estate Planning Attorney Brooklyn: Key to Protecting Your Legacy, Courses in Family Law: A Comprehensive Guide. litigation finance attorneys, paralegals, financial experts, tax attorneys, legal secretaries, and paralegals. They wont talk with me an when do is only to make house payments. that never once showed on any statements. Lawsuit Against Select Portfolio Servicing - Pacific Laws The court found that the complaint adequately described the claim to set forth a cause of action. (Lyles v. Sangadeo-Patel (2014) 225 Cal.App.4th 759, 764.) The Judges overseeing this case are HODGES, ROBERT W, HODGES, ROBERT WILLIAM, ROGERS, STEVEN GLEN and ROGERS, STEVEN G. I started getting letters from the county that my taxes werent being paid. 2.) <>stream JORDAN VS SELECT PORTFOLIO SERVICING, INC | Court Records - UniCourt I recently purchased a home 3 months ago and the loan got sold to Select Portfolio Servicing, my escrow monthly is 520 usd that include taxes and insurance. When I did try, SPS put a deferral offer on the table, which I refused in light of the approved grant. THIS IS INSANE. Co. v. Wells Fargo Bank, N.A. The only thing they can do is tell me too f off an take payment. On January 21, 2020, Defendant Select Portfolio Services ("SPS"), acting as attorney-in-fact for U.S. Bank, executed an "Appointment of Substitute Trustee" to exercise its purported right as a beneficiary to appoint new trustees: Diane S. Rosenberg, Mark D. Meyer, Maurice Obrien, and Cristian Mendoza (collectively the "Substitute Trustees"), to Together, we can make SPS accountable for their actions by being smarter. I was in a foreclosure dispute with SPS from 2012-2018. The transfer went smoothly, but then I began to worry about the run-around I might receive (and that I'd read about) if there was any issue with our escrow account, payment application, etc. SPS customer service is extremely difficult to contact and talk to a living person - they want you to use their website and listen to recordings. In general, forfeiture of a claim not raised in the trial court by a party has not precluded review of the claim by an appellate court in the exercise of that court's discretion. ), We recognize that Briggs, who represents himself, is entitled to the same but no greater consideration as other parties and attorneys. | Servicer Evaluation: Select Portfolio Servicing Inc. - S&P Global [W]hen a statute authorizes [a] prescribed procedure, and the court acts contrary to the authority thus conferred, it has exceeded its jurisdiction. Top 725 Select Portfolio Servicing Reviews - ConsumerAffairs document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); In piping rock, the plaintiff is usually a small company or individual who has contracted with a plumber to do some construction work for them. Case Details Parties. This lawsuit was later replaced by a lawsuit against Copperfield Spa. Corrado Rizzi is the Senior Managing Editor of ClassAction.org. Fleming et al v. Select Portfolio Servicing et al - UniCourt These include the filing and scheduling of a personal injury claim, the preparation and filing of claims for workers compensation, and other types of claims. This article will explain the steps to filing an age discrimination lawsuit, what damages you may be eligible for, and what evidence to gather for your case. You can email the site owner to let them know you were blocked. First, the evidence showed that the defendants knew or reasonably should have known, that they would fail to meet their monthly obligations; the defendants did not provide sufficient evidence to show that they were unable to pay the debt within the specified time period of time; and they did not provide evidence that they had exhausted all reasonable efforts to negotiate new terms. This case was filed in U.S. District Courts, Texas Northern District. ), As already noted, the trial court may dismiss a lawsuit pursuant to section 581, subdivision (f)(2), only if the plaintiff fails to amend within the time allowed by the court. When the trial court sustains a demurrer, the court may grant leave to amend the pleading upon any terms as may be just and shall fix the time within which the amendment or amended pleading shall be filed. ( 472a, subd. Foreclosed on my house. PDF United States District Court Eastern District of New York endobj Moreover, because the superior court dismissed the action when Briggs failed to amend his complaint after the court sustained Select's demurrer with leave to amend, we must assume the complaint contained the strongest statement of Briggs' causes of action. Ombudsman - spservicing.com SELECT PORTFOLIO SERVICING INC VS CHERYN CONLY AKA CHERYN KINCAI Et Al (College Hospital Inc. v. Superior Court (1994) 8 Cal.4th 704, 715.) (Cassim v. Allstate Ins. Briggs appeared for the November 6 hearing on the demurrer. I filed numerous complaints with county, state and federal agencies. The other benefits include: This includes: Case Management, Advice on Remedies, Mediation, Discovery, Post-Judgment Relief, and Removal of Debts. Casetext, Inc. and Casetext are not a law firm and do not provide legal advice. B. Briggs Has Not Shown He Was Prejudiced. In the context of default judgments, the courts have long held that a prematurely entered default and default judgment are null and void. Operating on the fringe of illegality. ), True, had the parties waived notice in open court and the waiver had been placed on the record, Briggs would have had exactly 30 days from the date of the order, or until December 6, 2019, to file an amended complaint. But this argument ignores the plain language of section 472b, which, we repeat, states the time to amend runs from the service of notice of the decision or order unless notice is waived. The Judge overseeing this case is BENSON, D'METRIA. Other funds can be used to settle the case and the settlement amount so it becomes due at the conclusion of the trial. You can save time and money and protect your precious assets. On 11/30/2021 LORITA DAVIS filed a Contract - Debt Collection lawsuit against SELECT PORTFOLIO SERVICING INC. It ended in 2018 when I was handcuffed and forcefully evicted by the Sheriff's Department. Please download the PDF to view it: Download PDF. On appeal, the Third District Court of Appeal affirmed the trial courts grant of summary judgment in favor of the defendant. A. Your email address will not be published. The trial court sustained Select's demurrer to Briggs' complaint, but granted Briggs 30 days leave to file an amended complaint. Romeo M Evangelista, Et Al Vs Select Portfolio Servicing Inc, Et Al YOUR TAKE-A-WAY: On all communications - verbal, inform whomever that you will be recording that phone call and have them approve by stating their name and ID #, transcribe the call and send SPS a written transcript and retain a copy. Theme: News Live by Themeansar. Brian represents clients in complex commercial litigation, including acquirers and targets in the life sciences, information services, and technology industries. In its answer, the defendant merely stated that it does not entertain the complaint. Filed: April 6, 2021 1:21-cv-00472 Read Complaint A class action has been filed over the alleged "systematic failure" of Select Portfolio Servicing to file timely mortgage satisfactions with county clerks. The case status is Pending - Other Pending. The court then entered a judgment in favor of the plaintiff. Your IP: The motion was denied and the case was continued without oral arguments. April 7, 2021 A class action has been filed over the alleged "systematic failure" of Select Portfolio Servicing to file timely mortgage satisfactions with county clerks. (Nwosu v. Uba (2004) 122 Cal.App.4th 1229, 1246-1247; Stover v. Bruntz (2017) 12 Cal.App.5th 19, 31.) ' (In re Sheena K. (2007) 40 Cal.4th 875, 887, fn. Log into the account Dashboard once a week, open a word doc and copy-paste all information in the dashboard onto the word doc, date and time stamp from your computer task bar, save to a dedicated SPS folder and print a copy for your journal. Even the inland Empire fair housing an administration dept which helped in past cant help. Cancellation and Refund Policy, Privacy Policy, and by Erin Shaak. **. Remember that litigation financing can be your best defense against the claims you make in a lawsuit, so make sure that you are using this option carefully. section 472b of the Code of Civil Procedure, article VI, section 13 of the California Constitution. Phone Numbers Used by Select Portfolio Servicing If you believe you have a case, you should [], The 3M earplug lawsuit amounts are set to continue to be a big financial headache for the business as the 3M faulty earplugs case is becoming one of the largest mass tort lawsuits in recent history with more US military personnel expected to join in. Therefore, the plaintiff has a claim against the defendant under the concept of contract liability. Your email address will not be published. When I called they said it was for a deferment which never happened. All further statutory references are to the Code of Civil Procedure unless otherwise indicated. Second, the Select Portfolio Servicing Company has an expert loan underwriting team. On 08/23/2021 JAMALI filed an Other - Other Judicial Review lawsuit against SELECT PORTFOLIO SERVICING. (Mullane v. Central Hanover Bank & Trust Co. (1950) 339 U.S. 306, 313; Today's Fresh Start, Inc. v. Los Angeles County Office of Education (2013) 57 Cal.4th 197, 212.) Kutak Rock and Steven M. Dailey for Defendant and Respondent. If not, the company will negotiate a payment plan with the plaintiffs to fully repay the loan, including interest. The Court of Appeal further held that the fact that the plaintiffs attorney was no longer involved in her case indicated that her attorney may not have been able to handle the case competently. endstream 07. Because the trial court granted Select's request to dismiss the lawsuit before the time to amend had lapsed, we must conclude it erred. The Judge overseeing this case is Patti B. Saris. Select Portfolio Servicing Inc ("SPS") Litigation To the extent Select argues the doctrine of forfeiture should apply to prevent this court from reaching the clear error that is apparent on the face of the record, we are not persuaded. & Trust Co. v. King Land & Improvement Co. (1912) 162 Cal. Seek out the HAF funds and apply. HearingDept: 07; Action text: CASE MANAGEMENT CONFERENCE, DocketORIGINAL SUMMONS ON COMPLAINT FILED 10/26/2021 OF MARION JORDAN FILED, DocketCLERK`S TICKLER TO CHECK FOR PROOF OF SERVICE WAS SET FOR 12/30/21 AT 7:00 IN DEPT. Companies displayed may pay us to be Authorized or when you click a link, call a number or fill a form on our site. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Proudly powered by WordPress The scope of the trial court's authority under section 581, subdivision (f)(2), is a matter of statutory construction we review de novo. This field is for validation purposes and should be left unchanged. [Citation.]' But, that time runs from the service of notice of the decision or order, unless the notice is waived in open court, and the waiver entered in the minutes. ( 472b.) They should have their pants sued off. Courts have also held that where, as here, the plaintiff does not respond to a motion to dismiss under section 581, subdivision (f)(2), the subsequent dismissal is functionally equivalent to a default judgment. In the end the tables turned on SPS and an Attorney that was processing foreclosures for them in Maryland allegedly stole the proceeds from foreclosure actions. May 24, 2022) ("Constance Daniels sued Select Portfolio Servicing under the Fair Debt Collections Practices Act, 15 U.S.C. endstream x+ | What I will do is pay this loan quickly with my small business. Whether or not the defendant was legally held liable for damages that arose as a result of the contract or the conduct of its employees. The minute order states: The First Amended Complaint is due to be served and filed no later than 12/6/19. On December 10, 2019-four days after the last date Briggs was supposedly to file his amended complaint-Select served Briggs with notice of the ruling by overnight delivery. Our content is intended to be used for general information purposes only. I had to move and no 10k relocation fee. Upon signing the agreement, the plaintiff filed a lawsuit against the defendant. The complaint says, On or about June 26, 202, SPS sent [a letter] to Koustiss counsel stating that it would not be providing a detailed response to the Koustis Inquiries because his account and the issues presented in the Koustis Inquiries are part of an ongoing litigation[. There were two underlying reasons for bringing the lawsuit. Subsequently, another stipulation was entered which provided that if either partys claim is dismissed, then both parties have the right to pursue another action against the other party. On July 6, 2020, Koustis sent another letter to SPS by certified mail. I recently purchased a home 3 months ago and the loan got sold to Select Portfolio Servicing, my escrow monthly is 520 usd that include taxes and insurance. It was very simple. In Esperanza Corral v. Select Prose Inc., Case No. Foreclosure threat from non-payment of property taxes which included a PACE loan lien in 04/21 due to Covid-19 life event caused SPS to advance escrow to include taxes into my P and I loan they had purchased from UWM in 2019. Yet other funds can be used to pay for trial expenses, such as witness fees. single family homes for rent in hamden, ct recent deaths in greenfield,ca Menu . These include the filing and scheduling of a personal injury claim, the preparation and filing of claims for workers . Select Portfolio Servicing, Inc. (SPS) is a loan servicing company founded in 1989 as Fairbanks Capital Corp. with operations in Salt Lake City, Utah and Jacksonville, Florida . We must be loud, united, and fight this behavior. The new lawsuit names as defendants Copperfield Spa and Select Portfolio Service Corp. and John J. Masten. Hala Y. Jarbou . The court concluded that the defendants had provided sufficient evidence to support their argument that they were entitled to the judgment. He sent these on May 21, 2020. My experience with Select Portfolio Servicing (SPS) was the most horrific experience in my life time. But, the trial court expressly directed Select to give notice. How negligent hiring by the truck company leads to truck accidents? When you work with them, you are working with an experienced team of attorneys dedicated to your best interest. Then I went for a short sale. BEWARE AND STAY FAR AWAY. (See Title Ins. They had to add my name an make loan modification . Instead, she chose to move forward with her legal counsel and obtain the best possible settlement with Select Prose. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. (See, ante, fn. Chayo Briggs, in pro. This type of settlement funding is not for everyone, but for those that are in financial distress, it may be a viable solution. All Rights Reserved. ( 1013.) Select Portfolio Servicing is a premier litigation funding company that focus on helping capital-type entities such as individual investors, venture capitalists, and private equity firms to engage in purchasing a large number of lawsuits. 9) and a motion to dismiss filed by defendants Select Portfolio Servicing, Inc. ("SPS") and JPMorgan Chase Bank, N.A. Chayo Briggs, in pro. When a court lacks jurisdiction in a fundamental sense, an ensuing judgment is void, and thus vulnerable to direct or collateral attack at any time. [Citation.]' (See Pagnini v. Union Bank, N.A. Getting Justice With A Piping Rock Class Action Lawsuit, Nerve Injury, Burns, and Amputations Occurring After IV Infiltration Are All Possible, Adjustable Rate Mortgage Interest Rates Lawsuits, Additional Companies For Forced Placed Flood Insurance, Counterfeit Book Lawsuits Why Consumers Are Turning to Legal Action, The Law Practice of a Trademark and Patent Attorney, How to File an Age Discrimination Lawsuit. Hired HUD counselor who recommended American Rescue Plan Act's HAF. I WANT TO CHANGE MY MORTGAGE LENDER! Also, it was found that there were enough facts and reasonable evidence to support the issuance of the complaint. Select Portfolio Servicing Facing Lawsuit Over Alleged RESPA Violations \oC 2020), the . Select Portfolio Servicing As an Attorney Advertising Service. (People v. Lara (2010) 48 Cal.4th 216, 225.) (People v. American Surety Co. (2019) 31 Cal.App.5th 380, 399. Select Portfolio Servicing can help a client to select the appropriate type of lawsuit support, such as pre-settlement, litigation support, and post-settlement and personal injury cases. Fuller v. Select Portfolio Servicing, Inc. - Casetext The two plaintiffs in this case are protesting the lack of proper responses to their inquiries. This website is using a security service to protect itself from online attacks. A class action has been brought in the Eastern District of New York against defendant Select Portfolio Servicing, Inc., ("SPS"), a servicing agent for residential mortgage loans, unlawful and deceptive acts, practices and misconduct in connection with the ownership and servicing of residential mortgage loans, including, but not limited to the Unfortunately, this promise often becomes worthless once the [], This article discusses a few aspects of the law practice of a trademark and patent attorney, Brian Johnson. The plaintiff filed an appeal after the judgment was affirmed by the Appellate Division of the Federal Circuit. ConsumerAffairs is not a government agency. THEY UPPED MY PAYMENT FROM 1800 to 3040!!!! Rather, an act beyond a court's jurisdiction in the fundamental sense is null and void ab initio. endobj Our mortgage lender changed hands to Select Portfolio Servicing (SPS) in 2022. Because the defendant failed to compensate for these risks inherent in its business, it was ordered to pay the plaintiff for all direct and indirect damages. because the company will not only save you from losing your lawsuit, but you may also save yourself from financial hardship in the future. Box 65250, Salt Lake City, UT 84165-0250. Plaintiff Chayo Briggs (Briggs) sued defendant Select Portfolio Servicing, Inc. (Select), alleging it committed fraud and other torts while reviewing Briggs' request for mortgage assistance and when it foreclosed on his mortgage and recorded a notice of trustee's sale. Read our Newswire Disclaimer. Email: [email protected]. (Id. This practice derives from article VI, section 13 of the California Constitution, which provides: No judgment shall be set aside, or new trial granted, in any cause for any error as to any matter of procedure, unless, after an examination of the entire cause, including the evidence, the court shall be of the opinion that the error complained of has resulted in a miscarriage of justice. Citations Copy Citation. SPS sent the funds back to CA Mtg Relief and informed them I was in a deferral. The trial court dismissed Briggs' lawsuit pursuant to Code of Civil Procedure section 581, subdivision (f)(2), which provides the court may dismiss the complaint if, after a demurrer to the complaint is sustained with leave to amend, the plaintiff fails to amend it within the time allowed by the court and either party moves for dismissal. A request for dismissal of the entire action and for entry of judgment under section 581, subdivision (f)(2), may be made ex parte. Save my name, email, and website in this browser for the next time I comment. Copyright 2023 Consumers Unified LLC. 2023-04-13, Tarrant County Justice Courts | Contract | ' (In re Jesusa V. (2004) 32 Cal.4th 588, 624; see Code Civ. HWnF}WC n^$.h$y- /jIPCRsu9uc8io}Cd-gFed02Gm;0&= The legal concerns relate to provisions of Regulation X and of the Real Estate Settlement Procedures Act (RESPA). Save my name, email, and website in this browser for the next time I comment. o[%qY\f#,X:O9dfb>PA[]c)=&>U&Ap6]jx4~k|~x-VCR}tllVq?[Ed?d 5F~5J9\2!eU$qE?^'>VP,pTStdgBR*JJz8JPV\%3U^mca :HEk2Qp:''MrkR06mA,%)2g Qy|&6o}yW**ffqO> As,L:E'Aieqyff@ey6yRDDoHRkS|P6h(w~^LAFnt%E} R"v5Yup}1pne~[;k`+EnTiqLOY ~Pwf(`GUNCqP01s;/gCz:WY]aL@J9z*x :1h 8XZS}tcLcO5g&*OyYW{V!de2D)eyVumW; Select Portfolio Servicing LawSuit - What You Need To Know About select portfolio servicing lawsuit 2019 The reviews here doesn't help my gut feeling of the company. The appellate record here does not include a reporter's transcript. The parties stipulated that they would mutually agree on the terms of payment of the purchase price. RESPA specifies how quickly a mortgage servicer must acknowledge a QWR and either resolve the issue or provide an explanation of why no resolution is necessary. The Court of Appeal determined that Esperanza Corral lacked standing to bring a case on behalf of the plaintiff because the attorney had failed to pursue the case after the original lawsuit was filed, despite the plaintiffs continued assistance. Even if the case is lost, the plaintiffs are often provided with a reasonable settlement that will take into account their living expenses and future living costs. This type of settlement funding is not for everyone, but for those that are in financial distress, it may be a viable solution. The majority of the legal fees will be paid by the attorney when the client files a case and receives payments from the defendant. The minute order indicates, No opposition presented. The trial court stated its tentative ruling on the demurrer, encourage[ed] [Briggs] to seek legal counsel, and provided him with the paperwork containing the contact information for various legal aid groups. After hearing arguments, the court sustained the demurrer, granted Briggs 30 days leave to amend, and ordered counsel for Select to give notice. No. HUD counselors are good. A portfolio servicing company works with various debt collections agencies and private equity firms. Therefore, the judgment is affirmed. (c).) No. ( 472b. 16-3540 Decided: May 30, 2017 Before: BOGGS, SILER, and MOORE, Circuit Judges. To prevail on appeal, an appellant must establish both error and prejudice from that error. (WFG National Title Ins. On appeal, the United States Court of Appeals for the Fourth Circuit affirmed the granting of the motion for summary judgment. Once the case file has been reviewed by the case manager, it is returned to the filing party with the case number, an agreed upon settlement amount, and an agreed upon settlement date. 2023-04-05, U.S. District Courts | Finance | Management And Organization If you have been affected by a natural disaster, we are here to help. ("Chase") (collectively referred to as the "Chase defendants") (ECF No . The contractor will usually have signed some sort of legal documentation promising that they will not perform any harm to the workman. In Esperanza Corral v. Select Prose Inc., Case No. Well start sending you the news you need delivered straight to you. (Beller & Keller v. Tyler (2d Cir. They said those papers were wrong. Overnight Account Payment Address Select Portfolio Servicing, Inc. 3217 S. Decker Lake Drive; Salt Lake City, UT 84119 The case status is Disposed - Other Disposed. You can rest assured that your business assets will be protected from costly damages or an undesirable claim. Read our Newswire Disclaimer. B-I<29%aQz)h*{UG G[O{+ JIJ0'9as'*|Fti(K + > *L'{)".A,{)|z{Wte&t|o;Dg5n(AK,X;ht\=aww 5; Third, the Select Portfolio Servicing Services Company has a large base of related professionals including: How To Join Samsung Refrigerator Class Action Lawsuit, Travel Resorts of America Class Action Lawsuit, Collisions and Consequences: The Legal and Financial Implications of Car Accidents, The Economics of Personal Injury: Calculating Damages and Compensation, Negotiating with an Insurance Adjuster: Tips for Maximizing Your Claim, The High Cost of Negligence: A Study of Car Accident Cases. 559.72, alleging that a . Therefore, plaintiffs who are represented by Select Portfolio Servicing do not lose any money during the course of the litigation process. In other words, absent a proper waiver of notice, the time to amend a complaint following a demurrer runs from notice of the ruling, not the ruling itself. (People v. $20, 000 U.S. Currency (1991) 235 Cal.App.3d 682, 691; accord, Parris v. Cave (1985) 174 Cal.App.3d 292, 294 [[S]ection 472b requires service of notice of the order sustaining or overruling a demurrer in order to start the time running on the right to amend.].) Your email address will not be published. with the plaintiff failed to produce evidence to indicate that it would be difficult for them to repay the debt. Please provide any additional information about your inquiry. select portfolio servicing - isi-mtl.com You can expect legal assistance throughout a case, whether it is simple or complex. The first was that the plaintiffs contract with the defendant provided that he or she would be awarded certain damages if and when the plaintiff suffered personal injury as a result of the carelessness or negligence of the defendant. Camp Lejeune residents now have the opportunity to claim compensation for harm suffered from contaminated water. If the loan is not provided, the case is delayed, the plaintiff is notified of their rights, and the case is sent back to the list of cases for processing. The selected portfolio companies are reviewed periodically for their ability to raise the capital required for litigation funding, to remain financially stable, and to comply with applicable financial and other reporting requirements.