Frequently Asked Questions
Q. Can an attorney provide information about a client's case to a finance company?
A. Yes. According to the Office of the Chief Disciplinary Counsel, "You would not violate rule 1.8d of the Supreme Court Rule 4, the Rules of Professional Conduct, if you provide the name of the finance company to your client. You also will not violate that rule by providing information about the case to the finance company at the request of your client." Letter from the Office of the Chief Disciplinary Counsel, Dated May 4, 1999.
Q. How is the loan paid back to Injury Case Funding?
A. The advance may be paid back in two different ways. (1) When settlement proceeds are recovered, the attorney will pay ICF directly from their trust account. This payment is authorized by the client's signature at the time the loan documents are executed and funded. (2) Because ICF maintains a finance license, the client has the option to make payments before the case ever settles!
Q. How are fees disclosed?
A. All fees are disclosed to the client on the Truth and Lending disclosure which is signed at the time of the loan.
Q. Are there any upfront fees charged to obtain a loan?
A. No upfront costs or fees are charged on any loan.
Q. Will ICF becomes involved in the case?
A. No. The management of the case is between the attorney and the client.
Q. What are the Missouri ethics opinions related to an ICF loan?