California Adopts First-of-its-Kind Commercial Financing Disclosure Regime

California Adopts First-of-its-Kind Commercial Financing Disclosure Regime

Ca became the first state to mandate certain disclosures for a diverse selection of commercial financings under amendments into the California Financing Law (“CFL”) used on October 1, 2018 which are slated to be completely effective on January 1, 2020 (the “California Disclosure Law”).1 As described below, these brand new disclosure needs connect with a wider subset of economic solutions providers compared to those formerly susceptible to the CFL’s certification needs and would broadly connect with providers of commercial funding in quantities add up to or lower than $500,000. Read more of this post