The ELFA announced a second webinar designed to help the equipment finance industry prepare for financial disclosure regulations scheduled to take effect in California and New York. The webinar “Operational Preparedness: Are You Ready for the New CA and NY Disclosure Requirements?” will take place on July 28, 1-3 p.m. EST.

The webinar will provide the latest legal, operational and system integration information concerning commercial financing disclosure laws that are slated to take effect on Dec. 9, 2022 in California and what is expected to be shortly thereafter in New York. The webinar will also touch on overlaps and inconsistencies among state regulations that could require redundant, tedious and/or cumbersome investments in technology, software and training to comply with the subtle and material differences between the state laws.

This event will feature an experienced panel and attendees will be invited to ask questions during an interactive Q&A session. Speakers will include: Scott Riehl, vice president of state government relations at the ELFA, Troy Kepler, corporate counsel at Channel, Daniel Nelson, CEO at Tamarack Technology, Moorari Shah, partner at Sheppard Mullin Richter & Hampton and Robert S. Cohen, partner at Moritt Hock & Hamroff.

“As state legislators introduce consumer-like enhanced finance disclosure requirements for commercial transactions, ELFA’s state government relations team is focused on protecting the interests of our members and the equipment finance industry,” Ralph Petta, president and CEO at ELFA, said. “It is critical for members to be aware of the potential impact of the California and New York regulations on their businesses and steps they can take to prepare. We encourage members to participate in this important webinar.”