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California's Commercial Loan Disclosure Requirements May Be Unconstitutional And/Or Preempted | Allen Matkins

I have devoted several posts to a California commercial loan disclosure law that was enacted in 2018 - SB 1235 (Glazer). Although the bill became effective on January 1, 2019, lenders. ....

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California's Commercial Loan Disclosure Requirements

Shortly before the DFPI's regulations took effect, the Small Business Financial Association filed a lawsuit alleging that the regulations violate the First Amendment and are preempted by the federal Truth in Lending Act. Small Bus. Fin. Assoc. v. Hewlett, Ninth Circuit. ....

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