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  1. #1
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    Virginia disclosure law goes into effect July 1

    On July 1st, funders will have to disclose a specific set of deal terms to merchants located in Virginia, including how much commission the broker is getting:

    https://debanked.com/2022/06/times-a...isclosure-law/

    Draft of what the disclosure form will look like: https://www.counselorlibrary.com/lib...120641_641.pdf

  2. #2
    Senior Member Reputation points: 119752 BR-Nightmare's Avatar
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    Quote Originally Posted by Sean Cash View Post
    On July 1st, funders will have to disclose a specific set of deal terms to merchants located in Virginia, including how much commission the broker is getting:

    https://debanked.com/2022/06/times-a...isclosure-law/

    Draft of what the disclosure form will look like: https://www.counselorlibrary.com/lib...120641_641.pdf
    Oh man, must suck for the brokers.

    Would a broker be willing to discuss how they will adjust?
    Last edited by BR-Nightmare; 06-27-2022 at 01:19 PM.
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
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