I'd heard horror stories about funding companies eating up half a settlement. Diamondback walked me through everything in plain language before I signed — no surprises, no compounding fine print. Funded in just over a day.
Pre-Settlement Funding · Available Nationwide
New York Lawsuit Loans:
Get Cash Now,
While Your Case Wins
New York just enacted sweeping new consumer protections for litigation funding. Diamondback Funding provides pre-settlement funding to New York plaintiffs structured to meet that new standard — no credit check, no monthly payments, and zero repayment if your case doesn't succeed.
24–48hrsTypical funding time
$0If you don't win
$100KMaximum advance
Trusted by hundreds of personal injury plaintiffs across the US
Apply for Funding
Free · No credit check · 2 minutes
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Non-Recourse Funding
Decisions in Hours
No Monthly Payments
No Credit Check Required
Zero Repayment if You Lose
New Law, Effective June 2026
New York's Consumer Litigation Funding Act
On December 19, 2025, Governor Kathy Hochul signed the Consumer Litigation Funding Act (Assembly Bill A804-C / Senate Bill S1104-A) into law — the product of eight years of legislative work to bring clear, statewide rules to an industry that had operated with little oversight. The law takes effect June 17, 2026 and applies to funding agreements entered into on or after that date.
What the new law does: Caps a funding company's recovery at 25% of your gross settlement or judgment. Requires plain-language, standardized contracts with detailed financial disclosures. Prohibits prepayment penalties and bars funders from influencing your attorney's case strategy. Requires funding companies to register with the state.
The law does not apply retroactively — agreements signed before June 17, 2026 are governed by the terms in place at signing. It also applies specifically to consumer litigation funding for individuals, not commercial or corporate litigation financing, which remains a separate, unregulated category.
For New York plaintiffs, the practical effect is straightforward: starting in mid-2026, you'll have a statutory ceiling on what any funding company can take from your recovery, plus a guaranteed right to a clear, written explanation of the agreement before you sign.
New York's Pure Comparative Negligence Rule
Separately from the new funding law, New York follows pure comparative negligence: you can recover damages even if you were 99% at fault for your own injury, with your award reduced by your percentage of responsibility. This is one of the more plaintiff-friendly fault standards in the country and affects how a New York case is valued for funding purposes.
Simple & Transparent Process
From Application to Cash in 5 Steps
Apply Online
Complete our 2-minute form or call our team directly. Basic case information only at this stage.
Attorney Review
We contact your attorney to evaluate liability, injury severity, and estimated settlement value.
Fast Decision
Our underwriters assess your case and return a funding decision — typically within hours.
Clear Agreement
We present a transparent agreement with all fees and repayment terms — no hidden costs.
Funds Delivered
Money arrives via wire transfer or overnight check within 24–48 hours of signing.
Start My Application — It's Free
No obligation. No credit check. Takes 2 minutes.
Free Funding Estimator
How Much Could You Receive?
Adjust the sliders below to get an instant estimate based on your case profile. All figures are illustrative — actual amounts depend on case evaluation.
Estimated Advance
$12,500
suggested range
If You Win
$15,250
advance + funding fee
If You Lose
$0
non-recourse — owe nothing
$250,000
$25K$1M+
Strong
DisputedClear-cut
$25,000
$1K$200K
18 months
6 mo4 yrs
Advance rate
5%
of settlement value
Funding fee
$2,750
paid only if you win
Your net settlement
$234,750
after repayment
Funding timeline
24–48 hrs
from approval
Illustrative only. Actual advance amounts are determined after full case review with your attorney. Non-recourse: zero repayment if your case is lost.
Apply for My Actual Quote →Eligibility
Do You Qualify for New York Lawsuit Funding?
Most plaintiffs with an active lawsuit filed in New York and legal representation are eligible. Approval is based on your case, not your credit history.
Active New York Lawsuit
You must have a civil or personal injury lawsuit filed in a New York state or federal court.
Attorney Notification
New York requires attorney notification for lawsuit funding — your attorney of record must be aware of and acknowledge the agreement.
Demonstrated Liability
Because New York is pure comparative negligence, cases with shared fault can still qualify — stronger evidence supports a larger advance.
Documented Damages
Medical records, lost wage documentation, or other evidence of loss support a stronger funding amount.
Filed Within the Statute of Limitations
Most New York personal injury claims must be filed within three years; medical malpractice generally within two and a half years.
Age 18 or Older
Applicants must be at least 18 years of age. Parents or guardians may apply on behalf of injured minors in some cases.
Not sure if you qualify?
Call our team for a free, no-obligation eligibility review. We'll give you an honest answer in minutes.
Flexible Use of Funds
What Can You Use New York Funding For?
There are no restrictions on how you use your pre-settlement funding. Manhattan, Brooklyn, Queens, Buffalo, and Rochester plaintiffs alike use their advance for whatever pressing need matters most — and starting June 2026, every New York agreement will be governed by the new statutory 25% recovery cap and standardized disclosure rules.
New York is also a no-fault auto insurance state, meaning your own insurer typically covers initial medical bills and lost income regardless of who caused a car accident, with a liability claim against the at-fault party available once damages exceed a statutory threshold.
Medical bills, surgery costs, and specialist consultations
Rent — among the most common uses of funding for our New York City clients
Lost wages while you're unable to work during recovery or litigation
Physical therapy and rehabilitation costs not fully covered by insurance
Childcare, transportation, and other everyday expenses
| Expense Type | Covered? |
|---|---|
| Medical & hospital bills | ✓ Yes |
| Surgery & specialist care | ✓ Yes |
| Physical & occupational therapy | ✓ Yes |
| Prescription medications | ✓ Yes |
| Lost wages / income gap | ✓ Yes |
| Rent or mortgage | ✓ Yes |
| Groceries & daily expenses | ✓ Yes |
| Transportation | ✓ Yes |
| Childcare | ✓ Yes |
| Any other personal expense | ✓ Yes |
Why Choose Us
Not All Pre-Settlement Funding Companies Are Equal
Pre-settlement funding is an unregulated industry in many states. The wrong company can lock you into excessive fees and compound interest. Here is how Diamondback Funding compares.
| Feature | Diamondback Funding | Typical Competitor |
|---|---|---|
| Credit check required | ✓ Never | ✓ Usually not |
| Monthly payments during case | ✓ None | ✓ None |
| Repayment if you lose | ✓ Zero | ✓ Zero |
| Interest structure | ✓ Simple, flat fee | ✗ Often compounding |
| Transparent fee structure upfront | ✓ Always | ✗ Varies |
| Dedicated case manager | ✓ Yes | ✗ Rarely |
| Funding timeline | 24–48 hours | 3–7 days typical |
| Maximum advance | Up to $100,000 | Often capped lower |
Client Testimonials
Real Stories from Real Plaintiffs
My case in Brooklyn dragged on while the defendant's insurer stalled. Between medical bills and missing income, I was drowning. My attorney suggested Diamondback. The process was transparent — I knew exactly what I'd repay.
The insurer tried to argue I was significantly at fault to lowball my offer. With Diamondback's funding, I didn't have to panic about rent. My attorney had the leverage to wait, and my final settlement still reflected the other party's much larger share of responsibility.
In-Depth Guide
Inside New York's Consumer Litigation Funding Act
New York's litigation funding industry has grown substantially over the past decade, and that growth coincided with the exposure of fraud schemes in some corners of the personal injury system — cases where funding capital was alleged to have helped finance staged accidents and inflated medical billing. The Consumer Litigation Funding Act is New York's direct legislative response, and it represents the most significant regulatory shift to hit the industry in the state's history.
What the Act Actually Requires
Once the law takes effect on June 17, 2026, every consumer litigation funding agreement in New York must include several specific protections. The most significant is a hard cap: funding companies cannot recover more than 25% of your gross settlement or judgment, regardless of how the agreement is structured or how long your case takes. The law also eliminates open-ended, compounding growth in what you owe, requires plain-language standardized contracts, and gives consumers an explicit right to cancel within a defined window.
Funders are also barred from influencing your attorney's litigation strategy — a provision aimed squarely at concerns that some funders had been encouraging plaintiffs to reject reasonable settlement offers in pursuit of larger eventual recoveries (and larger funder paydays). Funding companies must also register with the state, creating a layer of accountability that didn't previously exist.
What's Not Covered
The Act applies specifically to consumer litigation funding — financing extended to individuals in personal injury, employment, or similar civil cases. It does not regulate commercial or corporate litigation financing, which operates under a separate, still largely unregulated framework typically backed by private equity, hedge funds, or specialized finance companies. If you're an individual plaintiff seeking funding for a personal case, the Act applies to you; if you're a business pursuing commercial litigation, it generally does not.
New York's Pure Comparative Negligence Standard
Separate from the new funding law, New York's underlying tort law remains pure comparative negligence — you can recover compensation even if a jury finds you 99% responsible for your own injury, with your award reduced proportionally. This stands in contrast to states like Texas or Pennsylvania, where crossing a 50% or 51% fault threshold eliminates recovery entirely, and it generally makes more New York cases with disputed or shared liability fundable.
How Diamondback Funding Approaches New York Cases
Diamondback Funding structures every New York agreement with the disclosure standards the Act will require as a baseline practice, regardless of when a given agreement is signed. We work directly with your attorney — required under New York's attorney notification rules — to evaluate case strength under New York's comparative negligence standard and applicable statutes of limitations, which run three years for most personal injury claims and two and a half years for medical malpractice (extendable under the continuous treatment doctrine).
Common Questions
Frequently Asked Questions
Everything you need to know about New York lawsuit loans before you apply.
Signed into law on December 19, 2025 and effective June 17, 2026, the Act caps what a funding company can recover at 25% of your gross settlement or judgment, requires plain-language standardized contracts and disclosures, prohibits funders from influencing your attorney's case strategy, and requires funding companies to register with the state.
No. The Act applies only to consumer litigation funding agreements entered into on or after June 17, 2026. It does not apply retroactively to agreements signed before that date.
If your case is lost or dismissed, you owe nothing. Repayment comes exclusively from your settlement proceeds — no personal liability, no debt collection, and no credit impact.
Most New York applications are approved and funded within 24 to 48 hours of receiving complete case documentation from your attorney. Calling us directly at (917) 267-8368 can also accelerate the process.
New York follows pure comparative negligence, meaning you can recover damages even if you were 99% at fault for your own injury, with your award reduced by your percentage of fault. This makes more cases with shared liability fundable than in states with a hard fault-percentage bar.
Yes. As your case progresses, supplemental funding may be available, subject to the same disclosure standards. Contact your dedicated case manager to discuss a funding review if your situation changes.
Where We Fund
Pre-Settlement Funding by State
Diamondback Funding provides pre-settlement funding nationwide, with underwriters who understand the specific laws in your state.
Take the First Step
New York's New Standard for Transparency
You deserve clear terms and time to pursue full and fair compensation. Diamondback Funding gives New York plaintiffs both, ahead of the new statutory requirements taking effect in June 2026.