U.S. Small Business Lending Disclosure Act: Congress’s Commercial Finance Disclosure Law – Will It Displace State Law? Truth-in-Lending Type Disclosures in
Over the past year, we have reported on the new wave of laws enacted and proposed in various states requiring consumer-like disclosures in commercial financing transactions. These state laws are often titled “Commercial Finance Disclosure Laws.” New York and California are two states that have enacted similar CFDLs. Those laws will not go into effect…