New York Enacts APR Disclosure Laws

New York State Adopts Truth In Lending (TILA) – Like Disclosure Law for Business Loans, including Merchant Cash Advance and Purchase of Future Receivables.

https://grantphillipslaw.com/n....ew-york-enacts-apr-d

New York MCA Final Disclosure Laws

New York State, by all accounts the haven State for Merchant Cash Advances, ironically is also one of the first States to enact laws that require certain consumer like disclosures even for several commercial loans.

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

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Trust Grantphillipslaw.com for expert legal services in Johnson, VT. Our team at Merchants Bank is dedicated to helping you with compassion and care.

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Merchant Cash Advance 101 – Explained

The industry has been booming ever since and without regulation and no barrier to entry, hundreds of participants have entered the MCA lending sphere. While many engage in deceptive lending practices together with other predatory abuses, including illegal collection methods, harassment and fraud, there are some participants that do follow the law.



https://grantphillipslaw.com/m....erchant-cash-advance