Compliance Resource Center

CFL license required to broker loans. Disclosure must be signed by the recipient before the transaction is finalized - funding amount, finance charge, total repayment, prepayment policies, APR.

Providers and brokers must register with the state. For transactions ≤ $250,000 - must disclose total funding, cost of borrowing, repayment schedule, and broker compensation. APR is not required.

Providers must disclose terms for deals ≤ $500,000 - funding amount, finance charge, total repayment, prepayment policies, APR. Brokers must comply with code of conduct: no false adverstising or upfront fees, address and phone number must be included in all advertising.

Providers and brokers must disclouse terms for deals ≤ $500,000 - total funding amount, net funds disbursed, total repayment, total dollar cost, and payment schedule. APR is not required.

Registration is not required. For transactions ≤ $500,000 - terms must be clearly disclosed before closing - total funds provided and disbursed, total repayment, cost of financing, payment frequency and schedule.

Louisiana created new rules for revenue-based financing. These aren’t considered loans or interest, but they must include a written disclosure before funding. The disclosure must explain how much is being given, total repayment, payment schedule, and any prepayment terms. Law takes effect August 1, 2025.

Brokers must be registered. For transactions ≤ $500,000 - provider much provide disclosure of terms - total funding amount, finance charge, total repayment, APR.

Registration is not required for brokers or providers. For transactions ≤ $2.5 million, provider must provide disclosure including broker commission, total financing amount, amount disbursed, finance charge, APR.

North Dakota now treats alternative financing deals (like revenue-based financing and factoring) as loans. Lenders may need a license and must comply with a 36% APR limit. Law takes effect August 1, 2025.

TX requires registration and disclosures for deals < $1M. Providers must clearly explain terms, fees, and repayment time. The law bans Confession of Judgment clauses and restricts automatic bank withdrawals unless the provider holds a security interest in the account. Begins September 1, 2025.

For transactions ≤ $1 million, provider must maintain CFL license, register with state, and disclose broker commission, total amount funded, amount disbursed, total repayment, manner and frequency of payments. APR not required.

Brokers and Providers must register. For transactions ≤ $500,000 - provider must disclose funding amount, payment method, finance charges, total repayment, any additional fees, APR not required. Dispute rules: lawsuits must be in VA, provider pays arbitration costs, must occur locally.