How State Laws Affect Your Sale
Every state has its own laws and procedures for selling structured settlements. Use the accordion below to find your state's requirements. For more details, see our How to Sell and Court Approval guides, or visit the Glossary.
State Requirements & Statutes
- Court approval required
- Independent professional advisor required
- Cooling-off period: 10 days
- Typical timeline: 30-45 days
- Special notice requirements for payees
Statute: California Insurance Code § 10134 et seq.
- Court approval required
- Independent professional advisor required
- Cooling-off period: 3 days
- Typical timeline: 30-45 days
- Notice to interested parties required
Statute: Florida Statutes § 626.99296
- Court approval required
- Independent professional advisor required
- Cooling-off period: 3 days
- Typical timeline: 45-60 days
- Special notice and disclosure requirements
Statute: New York General Obligations Law § 5-1701 et seq.
- Court approval required
- No mandatory independent advisor
- Cooling-off period: 3 days
- Typical timeline: 30-45 days
- Notice to interested parties required
Statute: Texas Civil Practice & Remedies Code § 141.001 et seq.
- Court approval required
- Independent professional advisor required
- Cooling-off period: 3 days
- Typical timeline: 30-45 days
- Notice to interested parties required
Statute: 215 ILCS 153/1 et seq.
Frequently Asked Questions
Yes, but the process and requirements vary. See the accordion above for your state's details.
Most states take 30-60 days, but it depends on court schedules and state law.
Settlement agreement, payment schedule, transfer petition, and financial disclosures are common. Some states require more.