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MISSOURI • MCA LAW

Missouri CFDL

The Missouri Commercial Financing Disclosure Law (CFDL) is designed to bring transparency to merchant cash advances and other non-bank commercial financing offered to Missouri small businesses.

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State-specific guidanceDisclosure requirementsActionable review
EFFECTIVE
Effective date not specified in current guidance.
COVERS
Coverage generally tracks peer-state disclosure laws and targets non-bank MCA, factoring, and alternative commercial financing providers contracting with Missouri small businesses. Exact thresholds and exemptions should be confirmed against the enacted statute.
ENFORCED BY
Enforcement authority not specified in current guidance; the Missouri Division of Finance is the typical regulator for commercial financing matters.
KEY PROVISIONS

What CFDL requires

Pre-contract disclosure

Providers must deliver a written disclosure summarizing funded amount, total repayment, fees, and payment cadence before a Missouri business signs.

Total cost of financing

All fees and charges should be combined into a single total-cost figure to eliminate hidden costs.

APR-style metric

An annualized cost-of-capital metric is expected so Missouri borrowers can compare MCA and alternative financing offers side by side.

Broker conduct rules

Brokers arranging covered commercial financing in Missouri are typically subject to registration and conduct rules — borrowers should confirm the broker’s status.

PENALTIES

What happens if a provider doesn't comply?

Specific penalty amounts are not detailed in the extraction on file. Civil penalties and enforcement powers should be confirmed against the enacted CFDL.

IF YOU'VE BEEN AFFECTED

What borrowers can do now

  1. Request the CFDL-style disclosure for any Missouri MCA, factoring, or online lender contract.
  2. Check that funded amount, total repayment, APR, and payment cadence were all disclosed in writing.
  3. Flag any fees or broker compensation not shown on the disclosure.
  4. Contact Debt Consultants Group for a complimentary Missouri MCA contract audit.

Think your MCA may violate this law?

DCG attorneys will audit your contract at no cost and tell you what's actionable.

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