On this page
| Disclosure law | None in force |
|---|---|
| Broker registration | Yes |
| State calling statute | Federal only |
The state on this list because of what is not true about it. A great deal of industry content lists New Jersey among the disclosure states. It is not one, and a broker who arranges their compliance around a statute that was never enacted has misallocated the effort.
No disclosure law
New Jersey is not one of the ten states requiring a standardised commercial financing disclosure. The full list is on the hub page.
Registration and licensing
None specific to commercial financing. General New Jersey licensing rules apply as they would to any business.
Calling into New Jersey
Federal TCPA plus New Jersey’s telemarketing statute. New Jersey does not operate an FTSA-style regime with per-violation statutory damages for autodialled business calls.
What changes for a broker
- There is no New Jersey disclosure obligation to comply with today. If a vendor or a compliance vendor tells you otherwise, ask them to name the statute.
- Senate Bill 1760 proposes requirements across sales-based, closed-end, open-end and factoring transactions, with exemptions for providers doing fewer than five transactions a year or transactions above $500,000. Those thresholds are worth knowing now, because they are what would apply.
- New Jersey merchants are frequently funded on New York-governed paper, so the New York rules often reach the deal even though the New Jersey ones do not.
What New Jersey files look like
Dense, diverse and closely tied to the New York funding market. Logistics around the ports, construction, restaurants, healthcare practices and a large professional services base. Merchants here are advance-literate for the same reason New York merchants are.
Questions
Does New Jersey regulate merchant cash advances?
Not through a commercial financing disclosure law — New Jersey has not enacted one. New Jersey has no commercial financing disclosure law in force — Senate Bill 1760 has been introduced but not enacted, despite being widely listed as law.
Do I need to register to broker MCAs in New Jersey?
None specific to commercial financing. General New Jersey licensing rules apply as they would to any business.
Can I cold call businesses in New Jersey?
Federal TCPA plus New Jersey’s telemarketing statute. New Jersey does not operate an FTSA-style regime with per-violation statutory damages for autodialled business calls.
Whichever state you are dialling, what protects you is the consent record rather than an assurance from a vendor. That is covered in the compliance guide.
Do you sell MCA leads in New Jersey?
Yes. Every lead clears the same six minimums wherever the merchant is — $30K+ monthly revenue, $15K+ requested, six months trading, four months of statements available, U.S.-based, and mobile-verified by a 6-digit code. $60 per lead, in packs starting at 50. We can filter your leads by state, which is a real risk control in New Jersey if you are concerned about the calling rules.