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03-11-2022, 03:53 PM #1Senior Member
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https://debanked.com/2022/03/virginia-passes-landmark-sales-based-financing-bill/
https://debanked.com/2022/03/virgini...inancing-bill/
does this mean you will no longer be able to broker in virgina without a state license?
will other states follow?
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03-11-2022, 04:00 PM #2Member
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That seems to be what the bill says. "A provider or broker of sales-based financing to register with the State Corporation Commission (the Commission) in accordance with procedures established by the Commission"
Kind of vague but I'd assume this will be similar to Cali. Let's see what comes of it here in the next few weeks.
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03-22-2022, 11:29 AM #3Senior Member
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California & New York delayed their regulations, correct?
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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