New York enacted the Commercial Finance Disclosure Law (“CFDL”), Financial Services Law (“FSL”) §§ 801-812 on December 23, 2020, to require consumer style disclosures for commercial finance transactions. The disclosures cover, among other things, the finance charge...
Last spring, we reported on proposed legislation in New York that will require all motor vehicle lessors to obtain a dealer’s license in order to legally lease vehicles in the State of New York. While this legislation does not have the headline appeal of mask...
On October 20, 2021, the New York Department of Financial Services (NYDFS) issued proposed rules under New York’s Commercial Financing Disclosure Law (CFDL). The CFDL will be effective January 1, 2022 and mandates consumer type disclosures for certain types of...
Originally Published by Leasing News After postponing its scheduled annual 2020 conference last March in Austin, Texas, the National Vehicle Leasing Association (NVLA) held a two-day virtual event, “Wins of Change,” last week. Clearly, there has been much change in...
