New York Enacts APR Disclosure Laws

 Since a bona fide Merchant Cash Advance is not permitted to designate a definite deadline for repayment because the transaction, if done legitimately, is supposed to be premised solely on possible and potential future receivables, no one knows of the time it will take to make the receivables to be provided to the lender.

https://grantphillipslaw.com/new-york-enacts-apr-disclosure-laws/

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