Commercial Lenders Brace for Consumer-Style Disclosures in California and Beyond Out of Stock
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Commercial Lenders Brace for Consumer-Style Disclosures in California and Beyond
By Clinton R. Rockwell, Kathryn L. Ryan, Moorari K. Shah and Frida Alim
In 2018, California became the first state to require consumer-style disclosures similar to those required for consumer loans under federal laws. The requirements of Senate Bill 1235 signal a sea change likely to affect other states as well. This article, the first of two, explains the implications for the equipment leasing and finance industry.
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