AN ACT CONCERNING COMMERCIAL FINANCING.

Summary

The bill rewrites Connecticut statutes to define commercial financing and sets uniform disclosure rules for providers offering sales‑based financing up to $250,000. Providers must give recipients clear information on the loan amount, disbursement, finance charges and an estimated APR, using either a historical or opt‑in calculation method. The goal is to increase transparency for businesses that rely on revenue‑based loans.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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