DFPI To Hold Public Hearing Today On Proposed Commercial Loan Disclosures
By EsqSocial Corporation 09/11/20
Two years ago, California enacted SB 1235 (2018 Cal. Stats. ch. 1011) requiring providers of commercial financing to disclose certain information to the businesses seeking financing. The Department of Financial Protection and Innovation solicited comments informally and in September issued proposed regulations. See DBO Proposes Commercial Loan Disclosure Rules. The Comment period expired in October but the Department has announced that a public hearing will be held today (November 9) at 1:00...
By: Allen Matkins