WASHINGTON, D.C. - On Dec. 9, new commercial financing disclosure requirements will take effect in California. To help members of the equipment finance industry prepare, the Equipment Leasing and Finance Association has compiled critical informational resources.

“ELFA’s State Advocacy team has been lobbying rigorously on the issue of disclosure laws since they were first introduced,” said ELFA VP of State Government Relations Scott Riehl. “With the effective date in California just a few weeks away, we are encouraging industry members to consult the association’s resources on this topic. In particular, the recordings of two webinars, which drew more than 1,000 participants and included detailed question-and-answer sessions, should be especially helpful for those who have questions about the new requirements.”

Visit ELFA’s “Lender License and Enhanced Financial Disclosure” webpage to access a wide range of materials, including:

• An issue overview of state finance disclosure  
• A recording of the July 28 webinar “Operational Preparedness: Are You Ready for the New CA and NY Disclosure Requirements?,” which attracted more than 580 participants. Includes the slide deck, in-depth Q&A session and webinar recap.
• A recording of the first webinar held on Dec. 15, 2021, “ELFA State Advocacy New Year’s Resolutions: Prepare for Commercial Financing Disclosure Laws in New York and California,” which attracted more than 550 participants. Includes the slide deck, in-depth Q&A session and webinar recap.
• The State Advocacy team’s legislative testimony and regulatory comments, requests for guidance and regulatory responses.

Learn more at https://www.elfaonline.org/advocacy/state-issues/lenders-license

About ELFA
The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $1 trillion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its 580 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. ELFA has been equipping business for success for more than 60 years. For more information, please visit www.elfaonline.org.

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