MCA leads in Florida.

Disclosure law

Florida Commercial Financing Disclosure Law

In force

Signed June 2023, applying to transactions from 1 January 2024. Some summaries cite the statute’s own 2023 effective date instead.

Threshold

Transactions of $500,000 or less

Must contain

Total amount financed, disbursement amount, total repayment, total dollar cost, payment amounts and frequency, and prepayment terms.

Annualised rate

Built around total dollar cost rather than an annualised rate. Not an APR regime in the California or New York sense.

Registration

None specific to commercial financing.

Calling

The Florida Telephone Solicitation Act is the sharp edge. It covers automated marketing calls and texts to Florida numbers, defines the triggering equipment more broadly than the post-Duguid federal TCPA does, and carries statutory damages of $500 to $1,500 per violation with a private right of action. A business-to-business exemption exists but the definition of telemarketing is wide enough that relying on it without advice is a bet rather than a position.

sources disagree on some effective dates, so confirm against the statute

1. 1The FTSA is the reason to care about how your dialler is configured before you care about how your disclosure is worded. Statutory damages per violation on a list of a thousand numbers is not a rounding error.
2. 2The broad equipment definition means tooling that is safely outside the federal TCPA can still be inside the FTSA.
3. 3If you buy leads, the consent record for a Florida number is the document that matters. Ask for the form as the merchant saw it, the timestamp, the IP and the URL — not an assurance.
4. 4Filtering leads by state is a legitimate risk control here, and a vendor who cannot do it is telling you something about how their leads are built.