Relating to disclosures for certain commercial sales-based financing transactions and the registration of commercial sales-based financing brokers; authorizing a fee and providing a civil penalty.

SB 2677 proposes new rules for commercial sales-based financing transactions in Texas, requiring brokers to register with the state and mandating specific disclosures to businesses that use this financing. It directly affects commercial businesses seeking financing (recipients) and brokers who facilitate these deals (providers), defining key terms like "disbursement amount" and "finance charge." The bill establishes a registration fee for brokers, requires providers to disclose transaction terms before closing, and authorizes civil penalties for violations. These changes aim to increase transparency in financing arrangements where payments are tied to a business's sales or revenue, not personal use.