DO YOU LIVE IN MARYLAND?
ARE YOU LOOKING TO SELL YOUR STRUCTURED SETTLEMENT?
Old Bay Capital is licensed by the Attorney General Office of the State of Maryland to purchase structured settlements in Maryland and we want to talk to you
You may have heard that if you live in Maryland, you can’t sell your structured settlements and need to be based in a different state to do it. That’s not true! In 2016, the Attorney General office of the State of Maryland decided to regulate the structured settlement industry in Maryland to make sure that the companies operating in the state treat their customers fairly and conduct their business in an open and transparent manner.
Now, the companies wishing to do business with Maryland customers have to apply for a business license, pay an application fee, supply the Office of Attorney General with detailed information on the company and its activities, post a sizable bond and follow the Maryland structured settlement law to show that they are serious about doing business the right way.
The law was created to protect Maryland consumers and was adopted by the State Senate in 2016. You can find it here in its entirety here. If you live in Maryland and are discussing selling your structured settlement with a potential buyer, you need to make sure that the company is properly licensed in the state.
You can call the Structured Settlement Transferee Unit in the Office of the Consumer Protection Division of the Attorney General Office of the State of Maryland at 410-576-6590 to see if the company is properly licensed to operate in Maryland. If the potential buyer is not licensed to do business in Maryland, don’t work with them! If they tell you that you need to change your address to another state because you can’t sell your structured settlement payments while living in Maryland, don’t do it! Your sale may not be valid and both you and the buyer may have legal issues because of it. Call the Office of the Consumer Protection Division of the Attorney General at 410-576-6590 or visit their website at to see that it’s true.
You CAN sell your structured settlements in Maryland and you don’t have to move to another state, for real or on paper, to do it. Old Bay Capital LLC is registered with the office of the Attorney General and is approved to buy structured settlements in the State of Maryland. We are real, we are here and we want to talk to you.
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HOW TO GET YOUR CASH FROM STRUCTURED SETTLEMENTS
If you were involved in a personal injury, medical malpractice or wrongful death case and reached a settlement, it is likely that your payment comes in a form of a structured settlement, where you receive your settlement in a series of payments spread out over time instead of one single payment.
Structured settlement allows an insurance company to stretch out its payments to you over several months or years. As life doesn’t come in a structured and spread out way and you may have immediate needs that require money today, Old Bay can help you get the cash you need when you need it by unlocking the money sitting in your structured settlement.
You can sell your future structured settlement payments to Old Bay in an easy process where we will guide you every step of the way. You have several options of selling your payments to us.
Sell all of your structured settlement to us for one lump sum payment. It means that after you receive the payment from us, you will receive no more payments from the insurance company. Often, you don’t need to sell all of your structured settlement to us and you can just sell a portion of it.
Sell a portion of each payment to us. It means that after you receive a lump sum payment from us, you will continue receiving regular payments but for smaller amounts than before.
Sell some of the payments to us. It means that after you receive a lump sum payment from us, your insurance company will send the payments that you sold to us, and the payments you didn’t sell to you.
That’s why, the best starting point for you is to decide how much money you need now and we will work with you on finding the best solution given how much you need and what your structured settlement looks like.