Even More Commercial Financing Disclosure Bills Emerge Across Additional States

It’s not just New York, New Jersey, California, Virginia, and Missouri with disclosure legislation out there anymore.

Utah – On Monday, the State Senate introduced the Commercial Financing Registration and Disclosure bill.

Maryland – On Monday, the State Senate introduced the Commercial Financing Transactions bill.

Mississippi – Last week, the State legislature introduced two commercial financing disclosure bills but both died in committee.

The Maryland Bill is the latest iteration of a multi-year campaign to pass legislation aimed at restricting MCAs in the state.

The bill in Virginia is still continuing to advance.

The bills in New York and California have already long ago passed and implementation of them as laws is still underway. The New York Department of Financial Services is expected to provide an updated proposal by the end of next month.