NEFA Newsline: California and New Jersey - Harbingers of the Impending State-Specific Laws Requiring Truth-in-Lending Disclosures
Robert L. Hornby, who serves on the National Equipment Finance Association's ("NEFA") Board of Directors, authored an article in the March/April 2019 issue of the NEFA Newsline article titled, "California and New Jersey: Harbingers of the Impending State-Specific Laws Requiring Truth-in-Lending Disclosures."
In the article, he details the specifics of California's recently-enacted Senate Bill 1235 and New Jersey's emerging Senate Bill 2262 – both of which provide for additional lender disclosures and borrower consent for commercial financing transactions of $500,000 or less. Rob also outlines key action items that lenders, lessors and brokers should consider to stay ahead of the curve.
To read the full article, please click here. (Note: it appears on page 50)