On this page
| Disclosure law | Yes |
|---|---|
| Broker registration | Yes |
| State calling statute | Federal only |
Until September 2025 Texas was the largest unregulated market in the country. HB 700 changed that, and it did so with a registration deadline that is still ahead of most brokers rather than behind them — which makes Texas the one state on this list where the compliance work is genuinely urgent rather than historical.
The disclosure requirement
| Statute | House Bill 700, commercial sales-based financing |
|---|---|
| In force | 1 September 2025 |
| Reaches | Transactions above $1 million are exempt |
| Must contain | Total amount financed, the finance charge, total repayment amount, every potential fee, and the repayment terms. |
| Annualised rate | The statute is built around total dollar cost and the schedule rather than an annualised figure. Confirm against the statute before assuming an APR line is or is not required. |
Registration and licensing
Providers and brokers of sales-based financing must register. The deadline is 31 December 2026. Unlike most of the older regimes this one was written with brokers named in it from the start rather than added later.
Calling into Texas
Texas has a telephone solicitation registration regime with exemptions, and no FTSA-style private right of action for autodialled B2B calls. The federal TCPA is the operative constraint.
What changes for a broker
- If you broker into Texas and have not registered, the deadline is 31 December 2026 and it applies to brokers by name.
- Texas is where the newly-regulated cohort sits. Merchants here have had disclosure for less than a year and many have taken advances under both regimes, so the paperwork on a repeat merchant may not match.
- HB 700 is scoped to sales-based financing specifically, which is narrower than California’s all-commercial-financing approach. A term loan and an advance are not treated identically here.
What Texas files look like
The highest-volume state after California and the most distinctive in mix. Trucking and freight are heavily over-represented, oilfield and energy services produce large and violently cyclical files, and construction runs hot across Dallas, Houston and Austin. Business formation rates are among the highest in the country, which means more merchants clearing six months in business every quarter than almost anywhere else.
Questions
Does Texas regulate merchant cash advances?
Yes. House Bill 700, commercial sales-based financing applies to transactions above $1 million are exempt. Total amount financed, the finance charge, total repayment amount, every potential fee, and the repayment terms.
Do I need to register to broker MCAs in Texas?
Providers and brokers of sales-based financing must register. The deadline is 31 December 2026. Unlike most of the older regimes this one was written with brokers named in it from the start rather than added later.
Can I cold call businesses in Texas?
Texas has a telephone solicitation registration regime with exemptions, and no FTSA-style private right of action for autodialled B2B calls. The federal TCPA is the operative constraint.
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 Texas?
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 Texas if you are concerned about the calling rules.