The Date Is Set: California DFPI Adopts Final Commercial Financing Disclosure Rules and Announces Effective Date

After an almost two-year regulatory process, the California Department of Financial Protection and Innovation (DFPI) adopted final administrative regulations to implement the state’s 2018 commercial financing disclosure law. Most importantly, the final rules come with a long-awaited effective date: December 9, 2022. The effective date honors prior DFPI statements that a six-month window for compliance would be afforded to covered providers of business-purpose financing.

Read more in Mayer Brown’s Legal Update.