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S05470 Summary:

BILL NOS05470A
 
SAME ASSAME AS A10118
 
SPONSORTHOMAS
 
COSPNSRCARLUCCI
 
MLTSPNSR
 
Add Art 7 701 - 712, Fin Serv L
 
Requires certain providers that extend specific terms of commercial financing to a recipient to disclose certain information about the offer to the recipient, including information concerning the financing amount, finance charges, the annual percentage rate, the total repayment amount, the term, payment amounts, other potential fees, any prepayment costs and a description of any collateral requirements.
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