[Chambo]

An estimate that turns out to be incorrect will be an overestimate if the estimate exceeded the actual result, and an underestimate if the estimate fell short of the actual result.


This law, if signed, is meaningless for a merchant accepting MCA $$$

Unfortunately, that is not true. I don't think you want to be the example the AG uses to make a point.

You will simply be making estimations on APR, much like mutual fund companies talk about projected performance. there will be disclaimers that past performance doesn't guarantee....etc, etc.

Once his law passes however, that whiny argument "but there isn't APR on MCA" will get laughed out of court