New York MCA Final Disclosure Laws

This is significant development since New York’s Commercial Finance Disclosure Law (CFDL) went into effect August 1st, 2023 and in the law the CFDL has extended disclosure requirements ordinarily required for consumer lending to commercial financing instruments such as a merchant cash advance.

https://grantphillipslaw.com/n....ew-york-mca-final-di

New York MCA Final Disclosure Laws - Grant Phillips Law
grantphillipslaw.com

New York MCA Final Disclosure Laws - Grant Phillips Law

Merchant Cash Advance Renewal- The newly enacted law specifically names an MCA as one specific form of corporate financing that S.B. 5470 governs.
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