On September 30, 2018, Senate Bill 1235 was approved by Governor Brown (the “Act”). The Act imposes disclosure requirements designed to protect small businesses from predatory commercial lending practices by requiring certain disclosures to be provided by California Finance Lenders (“CFL”) to certain commercial borrowers. The Act covers all “Commercial Financing” provided by CFLs greater […]
California Requiring Disclosures for Business Purpose Loans Read More »
