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FLORIDA • MCA LAW

Florida Part XIII, Chapter 559

Florida’s Commercial Financing Disclosure Law (Part XIII, Chapter 559) requires MCA providers and commercial lenders to give Florida small businesses clear, standardized disclosures before a contract is signed.

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EFFECTIVE
Effective under Florida Statutes Chapter 559, Part XIII
COVERS
Non-bank commercial financing providers offering MCAs, factoring, and alternative business financing to Florida small businesses. Covered contracts must be disclosed with standardized terms before signing.
ENFORCED BY
Florida Office of Financial Regulation and the Florida Attorney General, per Chapter 559, Part XIII.
KEY PROVISIONS

What Part XIII, Chapter 559 requires

Upfront transparency

Florida businesses must receive full transparency on the terms and total cost of an MCA or commercial financing offer before the contract is finalized.

Apples-to-apples comparison

The law is designed so business owners can line up offers from multiple lenders and compare them on the same cost metrics.

Protection from stacked loans

Clearer disclosure of existing obligations and repayment expectations reduces the risk of stacked MCA contracts and hidden fee structures.

Clearer cash-flow expectations

Repayment frequency, method, and total-cost obligations must be stated plainly so owners can model the impact on daily and weekly cash flow.

PENALTIES

What happens if a provider doesn't comply?

Providers that fail to deliver the required disclosures are subject to state regulatory enforcement and possible civil actions. Non-compliance can also be raised by borrowers challenging unfair MCA terms.

IF YOU'VE BEEN AFFECTED

What borrowers can do now

  1. Pull the disclosure form or term sheet you received for any Florida MCA or factoring deal signed after the law’s effective date.
  2. Compare your funded amount, total repayment, and fees against the disclosure to confirm nothing was omitted.
  3. Document any daily debits, stacked positions, or fees that were not disclosed upfront.
  4. Contact Debt Consultants Group for a complimentary review of your Florida MCA contracts.

Citations & sources

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