CA ENACTS SMALL BUSINESS COMMERCIAL FINANCING TRANSACTIONS FEE RESTRICTIONS
On October 13, 2024 the California Governor signed A.B. 666, a bill prohibiting a broker or provider of commercial financing from charging certain fees in connection with a commercial financing transaction with a small business or small business owner. The prohibited fees are as follows: A fee for accepting or processing a payment required by the terms of the commercial financing contract as an ACH transfer debit; Read More