✉news BusinessFinance first seen 12 h ago, last 2 h ago, peak #1
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.
Evidence
- Legal Update | California's New Commercial Finance Licensing Law · Husch Blackwell
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