New York MCA Final Disclosure Laws

 The laws apply equally to both MCA brokers and MCA funders.

The final rules are a good start, but fall short in several areas. For example an MCA Funder is exempt from full disclosure if they are “partnered” with FDIC insured banks. Another shortfall is the inclusion of a $2,500,000 cap. Thus, commercial financing in excess of $2.5M is exempt from the CFDL. Hardly ideal.

https://grantphillipslaw.com/new-york-mca-final-disclosure-laws/

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