Shareholder Benjamin Heuer will be a speaker on a webinar hosted by The International Factoring Association.
By now you may have heard all about California’s Commercial Financing Disclosure Regulations approved to become effective as of December 9, 2022. The goal of the disclosure is to equip California small businesses with the ability to better understand the cost of commercial financing offers, but are you as a Factor ready to handle the practical application of adhering to the disclosures?
Join Lori Eropkin, partner of Levinson, Arshonsky & Kurtz, and Ben Heuer, shareholder of Buchalter, for a 60-minute roundtable discussion that will provide attendees the opportunity to get their questions answered in order to best prepare their organization to handle the disclosure requirements. Registered attendees will be encouraged to submit questions prior to the webinar, but questions will also be allowed during the roundtable discussion. Don’t miss this opportunity to prepare and educate your factoring firm before the disclosure takes effect. Registration is free for all IFA members.
The Venue: Online Via Zoom
Some questions that will be answered are:
- Does the disclosure apply to the Guarantors of a Factoring Facility? If so does it only apply to personal guarantors or does it also extend to validity guarantors?
- Does the disclosure apply to California domestic companies if they have no presence in the state?
- As of the effective date, are existing factoring clients required to be notified? If not, is there a triggering event that could require notification?
- How does the disclosure process work if I provided my client with a factoring facility and an inventory sublimit? Are those viewed as a combined facility for disclosure purposes?