Description
Understand the applicability, scope, and requirements of commercial financing disclosure laws and regulations.The time to learn disclosure law is now. Increasingly, states are enacting laws and regulations aimed at informing and protecting small businesses. California and New York are leading the way with laws and comprehensive regulations requiring lenders, factors, and other financiers to make certain disclosures when offering, amending, or renewing financings to businesses. The laws and regulations are designed to allow small businesses to more easily compare different types of financing products using similar terms, but, in practice, they are difficult for financiers to understand and comply with. California’s regulations become effective on December 9, 2022, and New York will likely adopt final regulations shortly thereafter, which, as currently drafted, will impact not only transactions with New York recipients of commercial financing but recipients in other states as well. This presentation will help financiers understand the applicability, scope, and requirements of the California and New York commercial financing disclosure laws and regulations and the potentially severe civil and regulatory liabilities for failing to comply with these new regulations.
Date: 2022-12-01 Start Time: End Time:
Learning Objectives