NoteClearinghouse.com
About NoteClearinghouse.com
A Court Order must be issued Prior to Selling Your Structured Settlement or Annuity.On January 22, 2002, President, George W. Bush signed into law a bill that protects individuals when selling their structured settlement payments to meet un-planned future financial needs. This new law makes all structured settlement payment sales subject to a court order. If there is no court order, a tax that is approximately equal to 40% +1- will have to be paid on the total amount of payments being sold.
