Requires certain disclosures by providers of commercial financing.

This New Jersey bill (A865) requires providers of commercial financing to disclose specific financial details to business customers before they commit to a financing agreement. The disclosures include the total financing amount, finance charge, annual percentage rate (APR), total repayment amount, payment schedule, and other potential fees. It applies to various business financing types including sales-based, closed-end, open-end, and factoring transactions, but excludes financial institutions, transactions over $500,000, and providers making fewer than five transactions annually. Providers must obtain written or electronic signatures on these disclosures before proceeding with the transaction. Violations could result in civil penalties of up to $2,000 per violation, or $10,000 for willful violations.