Creates the Commercial Financing Disclosure Law

SB 753 establishes the Commercial Financing Disclosure Law to require lenders and financing providers to give businesses clear, upfront details about loan terms before a deal is finalized. The bill defines specific types of business loans and financing arrangements, such as accounts receivable purchases, that must comply with these new rules. Providers must disclose the total funds provided, the actual amount disbursed after fees, and the total repayment amount to ensure businesses understand the full cost of the financing. This law aims to increase transparency in commercial lending by mandating standardized disclosures for transactions involving businesses in the state.