The SFNet Guide to the California Commercial Finance Disclosure Laws and Regulations

SFNet is pleased to provide our members with what we believe is the most comprehensive Guide to complying with the controversial new California Disclosure Regulations for Commercial Finance Transactions that go into effect December 9, 2022. The Regulations apply to non-regulated commercial institutions offering financial transactions of $500,000 or less to California borrowers. While the intention of this legislation is to encourage transparency and enable comparisons between alternative financing options, it is SFNet’s view that the law, with its unrealistic, complex, one-size-fits-all approach instead will create more confusion than clarity for lenders and borrowers alike and inhibit, rather than enhance, the flow of capital. While we have made a substantial investment in providing this resource to our members, we are committed to continuing to influence a more pragmatic solution in California and elsewhere.

For more information and to learn how you can get involved, please visit SFNet’s Advocacy page or contact Michele Ocejo at


Corporate members only can access the Guide

How to Access:
In order to download the guide, please click “Sign in” at the  top of your screen and enter your credentials, and the link to the guide will appear below.


Market Sizing Study

MSS-FINALSecured Finance Foundation with assistance from Ernst & Young, has conducted the first-of-its-kind Secured Finance Industry Market Sizing and Impact Study for the purpose of benchmarking, strategic planning, attracting capital and assisting in advocacy efforts on behalf of the industry.