Results 1 to 3 of 3
Threaded View
-
05-23-2024, 02:08 PM #1
- Join Date
- Feb 2024
- Location
- NY
- Posts
- 77
Topic: How will MCA reconcilation affect broker commissions, alleged defaults, etc.
Was thinking if a merchant is dead set on activating mandatory reconciliation clause immediately after funding how will that work?
Because technically they can if deposits drop day right after according to the i's and t's of law if fully explored. Defaults do not truly exist as MCA is not a loan and risk leans on funders not merchants according to new case law. With that;
#1 - If a seasoned merchant does this from the gate, how would that affect commission "PAID OUT" if at all? As old rules it is considered a "default" or "lowered-payment". Future commissions could be % like reverses I assume.
#2 - If this catches on and merchants employ this as a regular strategy for savings it would basically produce denials for future funding limiting stacking which is a cure as per old system.
#3 - And if no such thing as a default how will funders classify or recognize reconciliation for what it is vs default or lowered-payment?
Some questions I have...
Similar Threads
-
Off topic: Traveling website
By FUND3R1 in forum Everything elseReplies: 2Last Post: 12-23-2019, 01:36 PM -
iso-alleged-to-have-forged-a-confession-of-judgment
By Michael I in forum Merchant Cash AdvanceReplies: 66Last Post: 11-08-2017, 10:55 PM -
JTT FUNDING - ALLEGED SELF SIGNED COJ w/ NOTARY
By CraaaCraaa Radio in forum Merchant Cash AdvanceReplies: 2Last Post: 11-07-2017, 04:46 PM -
Funding Circle - Denies Good Standing Customer Renewal due to broker Defaults
By tgabcmca in forum Business LoansReplies: 25Last Post: 03-26-2017, 10:18 PM -
Commissions Paid on The Purchase Amount - Top Notch ISO & Broker Support
By samclark1800 in forum Help WantedReplies: 0Last Post: 03-02-2014, 07:50 PM