Commercial Financing Disclosure
Laws (By State)

A clear, up-to-date guide commercial financing disclosure requirements across U.S. states. Understand what’s required, when it applies, and how it affects your operations. 

How to use this resource 

This directory summarizes state-level laws governing commercial or sales-based financing.
Each state entry includes effective dates, covered transactions, disclosure requirements, and official references. Information is verified against official state sources and updated regularly. 

Select a state to view its Disclosure Requirements 

Click any state on the map below to view its latest commercial financing disclosure requirements. Use the map to explore states where laws are in effect, pending, or proposed. 

Laws Passed 

Some states have enacted commercial financing disclosure laws. These states currently set the standard for compliance in the evolving regulatory landscape.

Laws Proposed 

Several states are currently considering or drafting legislation to introduce commercial financing disclosure requirements. These proposals vary in scope and terminology but share a common goal: improving transparency and consistency in alternative lending. This section tracks bills that are pending, in committee review, or awaiting signature. 

New Jersey

In New Jersey, efforts to advance a commercial financing disclosure bill have been ongoing for more than five years.

The penultimate iteration, Senate Bill 819, was introduced on January 18, 2022, by Senate Majority Whip Troy Singleton. However, it died in committee.

The latest version, Senate Bill 1397, was once again introduced by Singleton on January 9, 2024. It was then referred to the Senate Commerce Committee.

Similar to Virginia’s legislation, the New Jersey bill mainly targets sales-based financing and aims to ensure transparency in such transactions by mandating APR disclosure.

There has been a 25% progression since its introduction.