The SFNet Guide to the New York Commercial Finance Disclosure Laws and Regulations

We are pleased to provide our members with what we believe is the most comprehensive Guide to complying with the controversial New York Disclosure Regulations for Commercial Finance Transactions that go into effect August 1, 2023. The Regulations apply to non-regulated commercial institutions offering financial transactions of $2.5 million or less to New York 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, as well as the Guide pertaining to California, to our members, we are committed to continuing to influence a more pragmatic solution in New York and elsewhere.

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

If you are interested in becoming an SFNet member, contact James Kravitz at


Corporate members can access the NY Guide at no cost. Non-members can purchase the NY Guide for $995 by clicking here.

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Member 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

Market Sizing Study 2023The Secured Finance Foundation, with oversight from the Study’s Steering Committee, has updated our 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.