Will S.B. 5470 Eliminate All Corporate Lending Abuses?

 Don’t expect the law to eradicate all corporate lending abuse, however. We expect to continue to see certain illegalities and abuses such as the inclusion of a Confession of Judgment or other illegal documents in Merchant Cash Advance lending packets and other parts of the Merchant Cash Advance contract with possible illegal clauses, notwithstanding the new laws. Unfortunately, human greed cannot be regulated absolutely.


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

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