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Disclosure Requirements for Certain Providers of Commercial Financing Transactions | Midpage
Collections
New York Codes, Rules and Regulations
Title 23
Chapter I
Part 600
Disclosure Requirements for Certain Providers of Commercial Financing Transactions
Financial Services
600.0
Introduction.
600.1
Definitions.
600.2
Definition of finance charge.
600.3
Annual percentage rate disclosure.
600.4
Allowed tolerances.
600.5
General formatting requirements and contents.
600.6
Sales-based financing disclosure formatting and contents.
600.7
Sales-based financing – estimated annual percentage rate.
600.8
Sales-based financing – historical method.
600.9
Sales-based financing – opt-in method.
600.10
Closed-end financing disclosure formatting and contents.
600.11
Open-end commercial financing disclosure formatting and contents.
600.12
Factoring transaction disclosure formatting.
600.13
Additional assumptions for factoring transactions.
600.14
Lease financing transaction disclosure formatting and contents.
600.15
General asset-based lending transaction disclosure formatting and contents.
600.16
Disclosure formatting for all other commercial financing transactions.
600.17
Funding recipient will receive.
600.18
Signatures.
600.19
Thresholds for disclosure.
600.20
Commercial financings with multiple payment options/balances payable on demand.
600.21
Duties of financers and brokers, and additional duties of providers.
600.22
Reporting.
600.23
Assignment of commercial financing agreements.
600.24
Applicability of the CFDL.
600.25
Effective date and compliance date.