**New Jersey (NJ)** {#new-jersey-(nj)}

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New Jersey (NJ) {#new-jersey-(nj)}

**Where We Are Currently** SâŻ1397 (2024â25) proposed disclosure/licensing law for commercial financing; currently **pending**, not enacted.

**How We Got Here** Amended drafts circulated late 2024 and 2025; still in legislative process.

**What Funders Need to Know** Monitor for NJ law requiring standardized disclosures, signature capture, and possible broker regulation.

**Official Documents (links)**

Bill page: [NJ Legislature â Bill S1397 (2024-2025) njleg.state.nj.us](https://www.njleg.state.nj.us/bill-search/2024/S1397?utm_source=chatgpt.com)

Bill text (PDF): âSTATE OF NEW JERSEY â Senate Bill No. 1397â (Amended) [njleg.state.nj.us](https://www.njleg.state.nj.us/bill-search/2024/S1397/bill-text?f=S1500&n=1397_R1&utm_source=chatgpt.com)

Summary: [LegiScan â NJ S1397 LegiScan](https://legiscan.com/NJ/bill/S1397/2024?utm_source=chatgpt.com)