Litigation

Pruco Assignment Corporation Now Requires 60 Day Window For Funding Non Qualified Structured Settlements

By John Darer

The non qualified assignment (often referred to as a non qualified structured settlement 1) is a form of settlement used to resolve disputes, claims for damages and certain other financial transactions that do not fall within the realm of physical injury, physical sickness or wrongful death, to secure installment sales of businesses or real estate, divorce payments, or professional athlete or celebrity endorsement fees. For more information about non qualified structured settlements and non qualified assignment click here

The three non qualified structured settlement programs now offered through settlement consultants, such as 4structures.com, LLC, are Allstate International Assignments, Ltd., Pruco Assignment Corporation and Barco Assignments, Ltd. The types of non qualified obligations that may be assigned to these three companies varies.

Pruco Assignments Corporation announced on March 6, 2009 that its bank, Royal Bank of Canada has instituted stronger check clearing security measures due to the financial crisis. The end result is that a longer window of 60 days is now required from the date of purchase to the date that first payment can be made to a non qualified structured settlement payee. 

Full post as published by Structured Settlements 4Real on March 07, 2009 (boomark / email).