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New York MCA Final Disclosure Laws
The CFDL was in fact originally passed in 2020 and later amended to include additional commercial financing instruments such as a Merchant Cash Advance.
https://grantphillipslaw.com/n....ew-york-mca-final-di
New York Enacts APR Disclosure Laws
The intent of S.B 5470 is to provide corporate and small business borrowers with more transparency surrounding their taking of credit, in order to allow for better, more informed decisions, a clearer understanding of how much is being borrowed and under what terms and to provide a corporate borrower with the ability to compare different offers of credit.
https://grantphillipslaw.com/n....ew-york-enacts-apr-d
Tackle All Your Debt with A Debt Relief Attorney
As an attorney licensed & practicing in Florida, New York and New Jersey, with a focus on Total Consumer Debt Relief, I am receiving more and more clients, who were once signed into an alleged debt settlement program, hired a non-attorney to address their debt or had already paid exorbitant amounts of money to such companies, and yet, their debt was NOT settled.
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New York MCA Final Disclosure Laws
This is significant development since New York’s Commercial Finance Disclosure Law (CFDL) went into effect August 1st, 2023 and in the law the CFDL has extended disclosure requirements ordinarily required for consumer lending to commercial financing instruments such as a merchant cash advance.
https://grantphillipslaw.com/n....ew-york-mca-final-di
