{"ok":true,"source":"Industry-typical benchmark data compiled and analyzed by funding.towersassetgroup.com","license":"CC BY 4.0","licenseUrl":"https://creativecommons.org/licenses/by/4.0/","description":"Verified state-by-state commercial financing disclosure law matrix for merchant cash advance and sales-based financing.","canonicalPage":"https://funding.towersassetgroup.com/mca-state-disclosures","enactedCount":11,"pendingCount":0,"count":11,"data":[{"state":"California","abbr":"CA","status":"enacted","law":"SB 1235","citation":"Cal. Fin. Code Sec. 22800 et seq.","effectiveDate":"2022-12-09","thresholdUsd":500000,"aprEquivalentRequired":true,"registrationRequired":false,"registrationNotes":"No new registration under this law"},{"state":"New York","abbr":"NY","status":"enacted","law":"CFDL","citation":"NY Fin. Serv. Law Art. 8","effectiveDate":"2023-08-01","thresholdUsd":2500000,"aprEquivalentRequired":true,"registrationRequired":false,"registrationNotes":"No new registration under this law"},{"state":"Utah","abbr":"UT","status":"enacted","law":"SB 183","citation":"Utah Code Sec. 7-27-101 et seq.","effectiveDate":"2023-01-01","thresholdUsd":null,"aprEquivalentRequired":true,"registrationRequired":true,"registrationNotes":"Provider registration required"},{"state":"Virginia","abbr":"VA","status":"enacted","law":"HB 1027","citation":"Va. Code Sec. 6.2-2228 et seq.","effectiveDate":"2022-07-01","thresholdUsd":500000,"aprEquivalentRequired":false,"registrationRequired":true,"registrationNotes":"SCC registration required"},{"state":"Georgia","abbr":"GA","status":"enacted","law":"SB 90","citation":"O.C.G.A. Sec. 10-1-393.18 et seq.","effectiveDate":"2024-01-01","thresholdUsd":500000,"aprEquivalentRequired":true,"registrationRequired":false,"registrationNotes":"No registration requirement"},{"state":"Florida","abbr":"FL","status":"enacted","law":"HB 1353","citation":"Fla. Stat. Sec. 559.961 et seq.","effectiveDate":"2024-01-01","thresholdUsd":500000,"aprEquivalentRequired":true,"registrationRequired":false,"registrationNotes":"No registration requirement","notes":"Law effective Jul 1, 2023; applies to transactions consummated on or after Jan 1, 2024"},{"state":"Texas","abbr":"TX","status":"enacted","law":"HB 700","citation":"Tex. Fin. Code Ch. 398","effectiveDate":"2025-09-01","thresholdUsd":1000000,"thresholdInclusive":false,"aprEquivalentRequired":false,"aprNotes":"Requires finance charge and total repayment disclosure, not APR","registrationRequired":true,"registrationNotes":"OCCC registration required by Dec 31, 2026"},{"state":"Connecticut","abbr":"CT","status":"enacted","law":"Public Act 23-201","citation":"SB 1032","effectiveDate":"2024-07-01","thresholdUsd":250000,"aprEquivalentRequired":false,"registrationRequired":true,"registrationNotes":"DOB registration required"},{"state":"Missouri","abbr":"MO","status":"enacted","law":"SB 1359","citation":"Mo. Rev. Stat. Sec. 427.300","effectiveDate":"2025-02-28","thresholdUsd":null,"aprEquivalentRequired":true,"registrationRequired":true,"registrationNotes":"Broker registration + $10,000 surety bond required"},{"state":"Kansas","abbr":"KS","status":"enacted","law":"SB 345","citation":null,"effectiveDate":"2024-07-01","thresholdUsd":500000,"aprEquivalentRequired":null,"registrationRequired":null,"registrationNotes":null},{"state":"Louisiana","abbr":"LA","status":"enacted","law":"HB 470 (Act 198)","citation":null,"effectiveDate":"2025-08-01","thresholdUsd":null,"aprEquivalentRequired":null,"registrationRequired":null,"registrationNotes":null}]}