MCA Disclosure Laws
**North Dakota (ND) â Licensing Expansion** {#north-dakota-(nd)-â-licensing-expansion}
**Where We Are Currently** HBâŻ1127 (2025) enacted Aug 1 2025; expands licensing authority under Money Brokers Act to âalternative financingâ inclusive of some commercial-financing products.
**How We Got Here** Signed April 2025; effective Aug 1 2025.
**What Funders Need to Know** Not a disclosure law but a licensing updateâproviders/brokers might now require registration in ND.
**Official Documents (links)**
- Bill overview: [North Dakota Legislative Branch â Bill Overview for HB 1127 (2025 Regular Session) ndlegis.gov](https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1127.html?utm_source=chatgpt.com)
- Enrolled bill text (PDF): [House Bill No. 1127 â Enrolled PDF ndlegis.gov](https://ndlegis.gov/assembly/69-2025/regular/documents/25-8110-04000.pdf?utm_source=chatgpt.com)
- Legal firm summary: [Mayer Brown â âNorth Dakota Broadens Licensing Law to Include Alternative Financingâ Mayer Brown](https://www.mayerbrown.com/en/insights/publications/2025/06/north-dakota-broadens-licensing-law-to-include-alternative-financing?utm_source=chatgpt.com)