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California Regulator Reiterates That Credit Sales Cannot Be Used To Evade Financing Law

In two recent actions, the California Department of Business Oversight (DBO) addressed whether companies that purchase retail installment contracts should be considered bona fide purchasers of credit sales or whether those...more

Uncharted Waters: California Regulator Issues Draft Commercial Financing Disclosure Regulation

On July 26, 2019, the California Department of Business Oversight (DBO) issued a draft regulation and draft disclosures to implement the state’s first-of-its-kind commercial financing disclosure law enacted last year. With...more

California Enacts a First-of-Its-Kind Commercial Financing Disclosure Law

On September 30, 2018, California Governor Jerry Brown signed into law SB 1235 (the Act), which requires disclosures of key terms in connection with certain commercial financing by non-banks and could impact bank/non-bank...more

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