California APR-equivalent & trigger
The estimated APR-equivalent calculated per DFPI regulations; SB 362's expanded trigger requiring disclosure on nearly every post-offer price/fee communication.
The most rigorous multi-state CFDL disclosure pack a funder or broker can send.
RateClear assembles a documentation-complete commercial financing disclosure pack — every state-specific APR-equivalent calculation, every required disclosure field, the compliance reviewer certification, and the audit trail — checked against the letter of each enacted state's CFDL statute before a licensed compliance professional releases it.
Every enacted state CFDL statuteState-specific APR-equivalent formulas, gate-checkedLicensed compliance-professional reviewer on every pack5-business-day SLAPer-disclosure flat fee, no hourly billing
Why packs fail
A single miscalculated APR or missing field can trigger penalties up to $50,000 per violation.
A funder's or broker's commercial financing disclosure is only as strong as the calculation and format behind it. Use the wrong APR-equivalent formula for the state, omit a required disclosure field, mis-time the trigger under California's SB 362, or fail to update for a new state's law — and the disclosure can be challenged, penalized, or expose the firm to regulatory action.
Most funders and ISOs run this by hand, from memory, across a patchwork of states. The statutes have not been read end-to-end since the last time they mattered. That is exactly where compliance gaps hide.
RateClear exists to close that gap with a single, exhaustive standard applied identically to every file.
$500-$50,000
civil penalty range per disclosure violation across enacted CFDL states
The benchmark
Measured against the letter of each state's CFDL — subsection by subsection.
We do not summarize the law and hope. Every pack is scored against a versioned rule pack tied to the exact text of each enacted state's commercial financing disclosure law. These are the provisions each pack is held to.
New York disclosure fields & formula
Required fields: total amount, term, APR-equivalent, total cost; formula applied per NYDFS guidance.
Utah sales-based financing disclosure
Disclosure required for sales-based financing; specific APR-equivalent calculation methodology.
Virginia commercial financing disclosure
Disclosure fields and APR-equivalent formula as enacted; effective 2024.
Connecticut disclosure requirements
Disclosure triggers, required fields, and APR-equivalent calculation per Connecticut's CFDL.
Florida commercial financing disclosure
Disclosure requirements for commercial financing; APR-equivalent and total cost disclosure.
How a pack is built
Intake to compliance-professional release, with deterministic gates the AI cannot overrule.
AI extracts and drafts. Deterministic rules — running as code, outside the model — decide what is complete. A licensed compliance professional reviews every release. That order is never reversed.
01
Compliance Gap Scan
Upload deal terms and recipient state. We return a free completeness read: which state-specific CFDL elements and calculations you already have, and which are missing.
02
State rule mapping
We map the deal to the correct state's CFDL rule pack — APR-equivalent formula, required fields, format, and trigger conditions — based on the recipient's location and product type.
03
Grounded calculation & drafting
The APR-equivalent and total cost are calculated using the state's statutory formula. The disclosure document is drafted into field-locked templates — no legal opinions, no invented facts.
04
Deterministic completeness gates
APR calculation reconciles to the state formula; all required fields are present; trigger conditions are verified; format matches state requirements. Any failure blocks release.
05
Compliance-professional review
A licensed compliance professional reviews the exception queue and signs the release. Ambiguous classification or contested applicability is referred to the client's outside counsel.
06
Delivery
You receive the pack: state-compliant disclosure document, calculation evidence log, rule pack version, reviewer certification, and audit trail — ready for the client's compliance officer to authorize use.
The bar we hold
Rigor you can measure.
100%
Compliance-professional reviewed
No pack ships without a licensed compliance professional's signature.
5 days
Standard SLA
From complete intake to released pack.
<1%
Critical-defect target
Tracked against a gold-standard pack library.
10+
State CFDL rule packs maintained
Every enacted state, updated within 30 days of any statutory change.
Why RateClear
Built to be the most thorough option a funder or broker has.
Documentation-complete, by design
The deliverable is completeness itself — every state-specific APR calculation, required field, and format requirement accounted for or explicitly exception-coded. Nothing is left implicit.
Deterministic, not vibes
The gates that decide completeness are code, not a model's opinion. A calculation error cannot slip past a statutory requirement.
In its lane, on purpose
We prepare documentation and run calculations as your clerical agent. We never extend credit, negotiate terms, or give legal advice on a contested classification or enforcement matter.
Engagement
Flat fee, per released pack. No hourly billing, ever.
Simple, predictable, and aligned with a documentation standard — not a percentage of any transaction.
- A free Compliance Gap Scan before you commit — see exactly what is missing.
- One flat fee per released CFDL Compliance Pack; disclosed pass-through state registration fees if applicable.
- Optional fixed-fee attorney review for ambiguous product classification or multistate applicability.
- Optional State Expansion Add-on for new states as they enact CFDLs, pre-mapped to your existing deal flow.
FAQ
Questions, answered precisely.
Is RateClear a law firm?
No. RateClear, a service of Your Deputy, Obuke LLC, provides documentation-completeness services. It is not a law firm, does not provide legal advice, and does not represent you in any legal matter. Attorney review is available and recommended for ambiguous classification or enforcement matters.
Do you extend credit or negotiate terms?
Never. RateClear is not a lender or broker and does not extend credit, negotiate terms, or communicate with the recipient. The client remains the party responsible for all communications and transactions.
What makes a pack 'complete'?
Completeness is defined by the applicable state CFDL: the correct APR-equivalent formula applied, all required disclosure fields present, trigger conditions verified, and format matching state requirements. Deterministic gates enforce each one before release.
How fast is it?
The standard SLA is five business days from complete intake to a compliance-professional released pack. The free Gap Scan is returned much sooner and tells you exactly what is still needed.
How are you priced?
A flat fee per released pack, plus disclosed pass-through costs. No hourly billing and no percentage of any transaction amount.
See what's missing before it costs you a penalty.
Start with a free Compliance Gap Scan. Send your deal terms and recipient state and we'll return a completeness read against every enacted CFDL statute.
Documentation-completeness service · not legal advice · the client sends every disclosure.