Form CC-CV-067 Consent to Petition for Approval of Transfer of Structured Settlement Payment Rights (Md. Rule 15-1303) - Maryland

What Is Form CC-CV-067?

This is a legal form that was released by the Maryland Circuit Courts - a government authority operating within Maryland. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form CC-CV-067?
A: Form CC-CV-067 is a consent form used in Maryland for the petition of approval for the transfer of structured settlement payment rights.

Q: What does this form apply to?
A: This form applies to the transfer of structured settlement payment rights in the state of Maryland, as regulated by Md. Rule 15-1303.

Q: What is a structured settlement?
A: A structured settlement is a financial arrangement where a series of periodic payments are made to an individual as a result of a legal settlement or judgment.

Q: Why would someone want to transfer their structured settlement payment rights?
A: Some individuals may choose to transfer their structured settlement payment rights in order to receive a lump sum of cash upfront instead of waiting for periodic payments.

Q: Why is a petition for approval required for the transfer of structured settlement payment rights?
A: The petition for approval is required to ensure that the transfer is in the best interest of the individual receiving the payments, as well as to comply with legal regulations in Maryland.

Q: How can I obtain Form CC-CV-067?
A: You can obtain Form CC-CV-067 for the consent to petition for approval of transfer of structured settlement payment rights from the appropriate legal authority in Maryland, such as the court or an attorney.

Q: Are there any specific rules or regulations regarding the transfer of structured settlement payment rights in Maryland?
A: Yes, the transfer of structured settlement payment rights in Maryland is regulated by Md. Rule 15-1303, which sets out the requirements and procedures for obtaining approval for such transfers.