[J.Celifarco]

Has anyone seen or heard of any companies that have made drastic changed due to the COJ ban? Pricing, Fee's, Term, Paperwork?? Has anyone stopped funding all together? It is still too soon to know everything that will come from this but curious what people are seeing so far.

Personally I had a 2 deals that were supposed to fund on Friday that got held up because the company suspended funding for the day while digesting the news and deciding if they needed to make any changes to their contracts before resuming funding today. They didn't make any changes and the deals funded. Dont ask for the bank name it is not needed, the deals funded and all is good with them.

[golf2014]

If defaults rise, they sure will.

[mcaguru]

Has anyone seen or heard of any companies that have made drastic changed due to the COJ ban? Pricing, Fee's, Term, Paperwork?? Has anyone stopped funding all together? It is still too soon to know everything that will come from this but curious what people are seeing so far.

Personally I had a 2 deals that were supposed to fund on Friday that got held up because the company suspended funding for the day while digesting the news and deciding if they needed to make any changes to their contracts before resuming funding today. They didn't make any changes and the deals funded. Dont ask for the bank name it is not needed, the deals funded and all is good with them.

No idea what company's you work with that took a day off funding to digest something that has been in the works and talks what now seems forever. I guess there are no rules in bussiness (only laws) so it was their choice i guess to suspend funding for a day!

[ryan $]

On the contrary, Lenders said "Forget the COJ" on Fri

[Sachip24]

not sure if it has to do with COJ but Friday had big two deals killed (that had signed COJ's already and contracts signed) bullsht reason lender gave was merchant didn't pick up the call to set up onsite.... same lender and reason for both deals.

[mcaguru]

Only time i was concerned was the 2016 Elections. they could have changed laws that would seek to stop "anyone" from funding any rate over prime + a point or 2! remember talk to anyone in politics and tell them A paper funders rates at 1.30 and they will have a conniption!! you tell them an origination FEE (from the A paper) and they will fall off their (cushion) chairs.

[Kevin Henry-Seacoast]

During the 2016 elections I never heard of anyone talking about rate law changes.

[J.Celifarco]

Only time i was concerned was the 2016 Elections. they could have changed laws that would seek to stop "anyone" from funding any rate over prime + a point or 2! remember talk to anyone in politics and tell them A paper funders rates at 1.30 and they will have a conniption!! you tell them an origination FEE (from the A paper) and they will fall off their (cushion) chairs.

I have no clue what you are taking about. I have heard a lot of things this is definitely not one of them

[Ocean Financing]

I'm sure COJ's will still be used as scare tactics.

[mcaguru]

During the 2016 elections I never heard of anyone talking about rate law changes.

Somethings don't need to be heard !

[WestCoastFunding]

Somethings don't need to be heard !

Take your own advice.

[WestCoastFunding]

I'm sure COJ's will still be used as scare tactics.

I suppose a funder might consider using COJs as a scare tactic, but they’ll have a hard time closing deals considering everyone they compete against won’t issue COJs with contracts.