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06-15-2022, 02:45 PM #1Senior Member
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Will 1 new contract cover ALL states requiring APR Disclosure?
I know that Cali APR Disclosure on contracts is coming up in November 2022. If I pay for a new contract that has all the APR Disclosure requirements, will that 1 contract cover me for ALL states requiring these types of disclosures or will I potentially need a new contract for every state?
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06-15-2022, 03:04 PM #2Senior Member
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Best answer to your question is to hire a Lawyer-Attorney -
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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06-15-2022, 03:25 PM #3Senior Member
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When I was in the mortgage business we had different contracts for each states disclosure requirements.
Last edited by Olderguy; 06-15-2022 at 04:29 PM.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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06-15-2022, 03:36 PM #4Senior Member
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Already called and left voicemail for 3 of the partners @ Hudson Cook, but haven't gotten any response yet.
Originally Posted by Yankeeman07
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06-15-2022, 04:36 PM #5Senior Member
Reputation points: 72961
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Mortgage lenders had software so that the loan docs were auto generating with disclosures for the appropriate state. Calyx Point and Encompass
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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