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The ten states with disclosure laws
These require a provider to give a merchant standardised cost disclosures before signing. What has to be disclosed, and in what format, varies.
| State | Notes |
|---|---|
| California | SB 362 took effect 1 January 2026, tightening rules for brokers who discuss pricing directly. Providers file an annual transaction report by 15 March. |
| Connecticut | Disclosure regime in force |
| Florida | Disclosure, with registration |
| Georgia | Disclosure, with registration |
| Kansas | Disclosure regime in force |
| Missouri | Disclosure regime in force |
| New York | Disclosure, with broker registration |
| Texas | HB 700 effective September 2025; registration deadline 31 December 2026 |
| Utah | Disclosure, with registration |
| Virginia | Disclosure, with registration |
Where brokers specifically have to register
This is the shift worth tracking. Disclosure obligations sit mostly on the funder. Registration obligations increasingly name brokers — and registration is the one a regulator can verify with a database query rather than an investigation.
Texas is highlighted because it is the one with a date attached rather than a standing requirement. Providers and brokers of sales-based financing must register with the OCCC by 31 December 2026, renewing annually.
What is commonly reported but not accurate
Worth stating plainly, because planning around a requirement that does not exist wastes money and planning around one that does can cost more.
- New Jersey is often listed among enacted states. Its bill remains proposed and has not been enacted.
- Several sources put the count at eleven states. Tracking by firms that follow this area puts it at ten as of August 2026.
- Business-to-business status is sometimes described as an exemption from these regimes. It is not — commercial financing disclosure laws exist precisely because the transactions are commercial.
What a broker should actually do
- Write down the states you place files in. Most shops have never made this list, and it is the input to every other question here.
- Check registration status for each state on that list, not the states you think of as your market.
- Put the Texas deadline in a calendar for well before December rather than during it.
- Ask each funder how they handle disclosure in the disclosure states — a merchant receiving a defective disclosure is a problem that reaches back to the file you placed.
- Keep your own record of what you told a merchant about pricing. In the states tightening broker conduct, that conversation is increasingly the regulated one.
Questions brokers ask
Which states have commercial financing disclosure laws?
As of August 2026, ten: California, Connecticut, Florida, Georgia, Kansas, Missouri, New York, Texas, Utah and Virginia. Some sources say eleven and include New Jersey, but the New Jersey bill remains proposed rather than enacted.
Which states require MCA broker registration?
Texas, New York, California, Virginia, Utah, Georgia and Florida have registration requirements attached to their commercial financing regimes. Scope and definitions differ, so confirm your own position for each state you place files in rather than assuming a common standard.
When is the Texas MCA broker registration deadline?
31 December 2026, with annual renewal thereafter. Under HB 700, providers and brokers of sales-based financing must register with the Office of Consumer Credit Commissioner. The underlying law took effect in September 2025; the registration requirement is the piece with a date attached.
Does New Jersey have a commercial financing disclosure law?
No. New Jersey is frequently listed among enacted states in industry write-ups, but its bill remains proposed. If you are planning around a New Jersey requirement, check where that came from.
What did California SB 362 change?
It took effect on 1 January 2026 and tightened the rules noticeably for brokers who discuss pricing with merchants directly, which is most brokers. California also requires providers to file an annual transaction report by 15 March.
Reference
MCA regulation by stateA page per state for the fourteen whose rules change what a broker does — the statute, the threshold, the registration position and the calling rules, one state at a time.
Alex Makowski
Founder, Infinite Bookings
Runs the lead generation operation behind Infinite Bookings — paid traffic, the funding application, and the delivery pipeline that puts records into brokers’ CRMs.
Reachable directly at alex@infinitebookings.com or 732-609-7182.