Burdensome consumer-like disclosures are making their way into the commercial realm as nine states have enacted legislation mandating that specific disclosures be made to financing recipients in certain commercial financing transactions at (or, in some cases, before) the consummation of the financing transaction.
Patricia Lane, Chicago 1986, is a partner with
FisherBroyles, Milwaukee, where she is chair of the firm’s Banking and Financial Services Practice Group. To date California, Connecticut, Florida, Georgia, Kansas, Missouri, New York, Utah,
Continue Reading Nine States Now Require Commercial Financing Providers to Provide Consumer-Like Disclosures