California APR & disclosure triggers
APR disclosure required the instant a specific price or financing amount is stated; annual DFPI report due March 15.
The most rigorous state-disclosure package an MCA funder can send.
RateClear assembles a compliance-certified, state-specific disclosure package for every commercial-financing transaction — jurisdiction determination, exemption analysis, Estimated APR calculation, and a dated audit-trail workpaper — checked against the letter of each state's disclosure law before a compliance specialist releases it.
Every applicable state disclosure law (10 states and growing)Jurisdiction & exemption analysis, gate-checkedState-specific Estimated APR calculationSpecialist release on every package5-business-day SLA
Why packages fail
A single miscalculated APR can void the entire right to collect.
A merchant cash advance funder's right to collect rests on a disclosure package that meets each state's specific requirements. Miss a jurisdiction determination, misapply an exemption, or miscalculate the Estimated APR — and the transaction becomes live ammunition for merchant-defense counsel seeking to recast the MCA as a usurious loan.
Most funders run this by hand, from memory, or rely on generalist software their own underwriting staff must operate. The regulatory patchwork is growing fast — eight of ten disclosure states enacted or amended their laws between 2022 and 2026 — and a single missed deadline or miscalculation can trigger civil penalties up to $10,000 per violation.
RateClear exists to close that gap with a single, exhaustive standard applied identically to every transaction.
$10,000
per-violation civil penalty under New York's CFDL for willful violations
The benchmark
Measured against the letter of each state's disclosure law — subsection by subsection.
We do not summarize the law and hope. Every package is scored against a versioned rule pack tied to the exact text of each state's commercial-financing disclosure statute. These are the provisions each package is held to.
New York disclosure & penalty regime
Itemized Estimated APR, total cost of capital, and payment schedule; willful violations carry civil penalties up to $10,000.
Texas registration & disclosure
Hard OCCC/NMLS registration deadline December 31, 2026; disclosure required for all sales-based financing.
Virginia disclosure requirements
Estimated APR and total cost of capital disclosure for commercial financing; exemptions for certain bank partners.
Utah commercial financing disclosure
Disclosure of APR, total repayment amount, and payment schedule; applies to transactions under $500,000.
Georgia disclosure & exemption analysis
Disclosure required for sales-based financing; exemption for transactions under $50,000 or with certain financial institutions.
How a package is built
Intake to specialist 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 human compliance specialist signs every release. That order is never reversed.
01
Transaction Gap Scan
Upload the deal term sheet and merchant location. We return a free completeness read: which state disclosure laws apply, which exemptions may be available, and what calculations are needed.
02
Jurisdiction & exemption analysis
As your authorized clerical agent, we determine the applicable state law(s) based on merchant location and deal structure, and analyze whether any bank-partner, dollar-threshold, or transaction-type exemption applies.
03
Grounded calculation
The state-specific Estimated APR, total cost of capital, and payment schedule are calculated from your validated deal terms using each state's prescribed methodology — no legal opinions, no invented facts.
04
Deterministic completeness gates
Jurisdiction determination is cross-checked against merchant address; exemption analysis is reconciled to statutory text; APR calculation is verified against a reference model; any failure blocks release.
05
Specialist release
A compliance specialist reviews the exception queue and signs the release. High-value or novel-structure transactions route to attorney review first.
06
Delivery
You receive the package: state-specific disclosure document, jurisdiction and exemption analysis memo, calculation workpaper, and a dated audit trail — ready for the funder to deliver to the merchant before funding.
The bar we hold
Rigor you can measure.
100%
Specialist-released
No package ships without a human signature.
5 days
Standard SLA
From complete intake to released package.
<1%
Critical-defect target
Tracked against a gold-standard package library.
10
State disclosure laws covered
CA, NY, TX, VA, UT, GA, CT, FL, MO, KS — every applicable file.
Why RateClear
Built to be the most thorough option a funder has.
Compliance-certified, by design
The deliverable is compliance itself — every statutory element and calculation 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 provide legal advice, contact the merchant, or fund the transaction.
Engagement
Flat fee, per released package. No contingency, ever.
Simple, predictable, and aligned with a compliance standard — not a percentage of any funded deal.
- A free Transaction Gap Scan before you commit — see exactly which state laws apply and what is missing.
- One flat fee per released Compliance-Certified Disclosure Package; disclosed pass-through search fees.
- Optional fixed-fee attorney review for novel-structure or high-value transactions.
- Optional Multi-State Continuity Add-on for transactions spanning multiple disclosure states, pre-calculated to each jurisdiction's requirements.
FAQ
Questions, answered precisely.
Is RateClear a law firm?
No. RateClear, a service of Your Deputy, Obuke LLC, provides documentation-completeness and compliance-production 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 novel-structure or high-value transactions.
Do you contact the merchant or fund the deal?
Never. RateClear is not a funder and does not contact merchants or debtors. The funder remains the party responsible for delivering all disclosures and funding the transaction.
What makes a package 'compliant'?
Compliance is defined by each state's statute: jurisdiction determination, exemption analysis, correct Estimated APR calculation, and a dated audit trail. Deterministic gates enforce each one before release.
How fast is it?
The standard SLA is five business days from complete intake to a specialist-released package. The free Gap Scan is returned much sooner and tells you exactly which state laws apply and what is still needed.
How are you priced?
A flat fee per released package, plus disclosed pass-through search costs. No contingency and no percentage of any funded amount or sale proceeds.
See what's missing before it costs you a deal.
Start with a free Transaction Gap Scan. Send your deal term sheet and merchant location and we'll return a compliance read against every applicable state disclosure law.
Documentation-completeness service · not legal advice · the funder delivers every disclosure.