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

By |December 17th, 2020|

California Adopts First-of-its-Kind Commercial Financing Disclosure Regime Ca became the first state to mandate certain disclosures for an easy selection of commercial financings under amendments towards the California Financing Law (“CFL”) used on October 1, 2018 being slated in order to become completely effective on January 1, 2020 (the “California Disclosure Law”).1 As described below, these brand new disclosure demands connect with a wider subset of monetary solutions providers compared to those formerly susceptible to the CFL’s certification needs and would broadly connect with providers of commercial funding in quantities corresponding to or not as much as $500,000. […]