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  1. #1
    Karen37a
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    Quote Originally Posted by sean bash View Post
    NJ legislature is now proposing to amend the bill to define a merchant cash advance as a loan.
    yes...so I do not know how this helps most

  2. #2
    Veteran Reputation points: 159120 J.Celifarco's Avatar
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    Quote Originally Posted by Karen37a View Post
    yes...so I do not know how this helps most
    it doesnt help it means that our products would fall under this law and be required to meet the standards set forth in it.. Since an MCA by definition cant have an APR this bill would do what the original California bill would have essentially making MCA's illegal in the state of NJ
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