Category:Non Recourse Loans

Non recourse funding is a term that is used within the lawsuit funding industry. Unlike a standard bank loan, non recourse funding is loaned on a contingency fee basis. Non recourse funding is a loan where the lender (underwriter) is only entitled to repayment if the legal case is won. A non recourse loan can be secured by both a plaintiff or an attorney.

When a plaintiff or attorney applies for non recourse funding they may secure the loan prior, during or after a lawsuit settlement has been reached.