Implementation of New York’s Commercial Financing Disclosure Law Delayed

The implementation of New York’s commercial financing disclosure law has been pushed back. Originally scheduled to go into effect in June of 2021, an amending bill changed the date to January 1, 2022.

The only other material change of note is that the exemption from the law for transactions greater than $500,000 has been increased to $2.5 million.

You can read the fully passed amendment here.