To assist equipment finance companies in tracking financial disclosure regulations that will impact their businesses, ELFA has developed a new interactive state-by-state disclosure map of legislative activity. This is the latest informational resource from ELFA’s State Advocacy team to help educate our members about what they need to know about this important topic.
For the first time the industry has an easy-to-use tool to see the activity and access the litany of information in each state. The interactive map continues ELFA’s nationwide efforts to protect and promote the industry’s interests while providing a running update on these state disclosure regulations sweeping the country.
To use the map, simply hover over a state to view legislation status and details. When users click on a state, the map opens to the state’s actual enacted or proposed financial disclosure regulation. There are currently 16 states that have either passed or have financial disclosure legislation in progress. The map will be updated regularly.
The State Advocacy team and members of ELFA’s State Legislative & Regulatory Subcommittee have worked successfully to exempt as many industry transactions as possible in order to reduce burdensome disclosure requirements on equipment finance companies, and we continue to do so. ELFA is the only association that advocates for the specific interests of the equipment leasing and finance industry, and we represent the industry at both the state and federal levels.
To meet the demand from and keep ELFA members informed on disclosure regulation updates, ELFA has become a one-stop source on the issue. More than 1,500 industry professionals registered for three previous in-depth webinars ELFA presented in 2022 and 2023.
To access the Interactive State Disclosure Map, visit ELFA’s Industry Topics State Disclosure page. The page also includes an issues overview; webinar recordings, slide decks and takeaways; comment letters and more.
