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California Enacts New Commercial Finance Licensing Law

Original: Legal Update | California's New Commercial Finance Licensing Law

California has introduced a new licensing law covering commercial financing providers, bringing disclosure and licensing requirements to firms offering commercial loans, factoring and merchant cash advances. Law firms are issuing client updates to help lenders understand how the rules will affect operations, compliance obligations and timelines. Businesses in the sector are assessing whether they must now obtain a licence to continue serving California customers.

Why now: Commercial finance companies are scrambling to understand new licensing and compliance obligations under California's law.

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Rank over time, top of the chart is #1. 8 snapshots from 13 h ago to 4 h ago.

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