New York DFS Provides New Guidance on Disclosure Law, 6 Month Delay

| By:


One Commerce Plaza, Albany, NYNew York’s Department of Financial Services has provided updated guidance on the impending commercial finance disclosure law scheduled to go into effect on January 1st.

The main news? A six month delay.

“Financiers and brokers shall comply with disclosure requirements six months after the effective date,” the proposals state.

The comment period has also been corrected/extended to December 19, 2021. Comments are to be directed to George Bogdan at DFS.

The regulation’s draft has been amended as well and can be VIEWED HERE.

Last modified: October 20, 2021
Related:

Category: Regulation

Home Regulation › New York DFS Provides New Guidance on Disclosure Law, 6 Month Delay


    Thor Capital Group

    AMA Recovery

    Cashyew

    United Business Funding

    Lendora

    Infusion Capital Group

    Accord Business Funding

    Key Capital Group

    Proventure Capital

    Fenix Capital Funding

    CounselorLibrary

    Pearl Capital

    United Fund USA

    Legacy Capital Group

    Hunter Caroline

    Smart Business Funding

    Fox Business Funding

    ByzFunder

    Wynwood Capital Group

    Meged Funding Group

    Bitty Advance

    Idea Financial

    Balboa Capital

    Velocity Capital Group

    Arsenal

    Avanza Capital

    ROC Funding Group