Article 31: Structured Settlements Transfers Protection Act and Nebraska Statutory Thresholds for Settlements Involving Minors Act · Last amended 2001 · Last verified July 22, 2026
In one sentenceThis section states that the Structured Settlements Transfers Protection Act protects people who receive structured settlement payments when they consider transferring those payment rights to a third party, while excluding structured settlements built from workers’ compensation claims.
Full Text of § 25-3102
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The purpose of the Structured Settlements Transfers Protection Act is to protect structured settlement recipients involved in the process of transferring structured
settlement payment rights. The act does not apply to structured settlements of claims for workers' compensation benefits.
Source
Laws 2001, LB 55, § 2.
Plain-English Summary
Section 25-3102 states why the Act exists. Its purpose is to protect structured settlement recipients who are in the process of transferring their structured settlement payment rights. A structured settlement pays out over time, often for decades, and a recipient who wants or needs cash sooner may be approached by a company offering to buy those future payments at a discount. This Act is aimed at making sure that transaction happens on fair terms and with the recipient’s eyes open.
The section also draws a boundary. It does not apply to structured settlements of workers’ compensation claims. Someone receiving structured payments under a workers’ compensation settlement looks elsewhere in Nebraska law for any rules governing a transfer of those particular payment rights; this Act’s court-approval and disclosure requirements do not reach them.
Frequently Asked Questions
Who does the Structured Settlements Transfers Protection Act protect?
Structured settlement recipients — people receiving periodic payments from a personal injury or sickness settlement — who are considering a transfer of their payment rights.
What kind of transaction triggers the Act’s protections?
A proposed transfer of structured settlement payment rights, typically a sale to a company in exchange for a lump-sum payment.
Does the Act cover workers’ compensation settlements?
No. Section 25-3102 excludes structured settlements of workers’ compensation claims from the Act’s coverage.
Why would someone want to sell their structured settlement payments?
The Act does not say why any particular recipient might want cash sooner than the payment schedule provides; it addresses the protections that apply once a recipient considers such a transfer.
Does this section set out the Act’s procedures itself?
No. It states the purpose and the workers’-compensation exclusion; the procedural and disclosure requirements appear in sections 25-3103 through 25-3107.
Source & verification. Section text and the amendment-history citation are
reproduced verbatim from the Nebraska Legislature, Revisor of Statutes, enacted by the
Nebraska Legislature. Last verified July 22, 2026. ·
Official source
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