SECTION 3. Waiver of Secs. 2 to 4; payee penalty for failure to transfer

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(a) The provisions of sections 2 to 4, inclusive, shall not be waived.

(b) No payee who proposes to make a transfer of structured settlement payment rights shall incur a penalty, forfeit an application fee or other payment, or otherwise incur any liability to the proposed transferee based on the failure of the transfer to satisfy the conditions of section 2.

                    
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