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Are you Compliant with the New California Financial Disclosure Law?

APR Calculator & Guide

There is a lot of confusion surrounding the new California MCA funding statute, causing leading funders to question whether they want to create deals. The confusion directly relates to the statute, where there is contradictory and incomplete information concerning what specific documentation and calculations (APR or other) are required to paper a deal properly. As a result, even attorneys well versed in MCA funding are refusing to counsel clients on the APR calculation specifically. Without a thorough review of the 250+ page statute and comments by the regulatory agency, it is difficult to determine the required input numbers. 


Austin LLP has analyzed the statute, 250+ pages of documentation, and direct comments provided by the California State regulatory agency to provide you with a legally sound and operationally accurate funding workflow that:

  • Automatically calculates the APR based on regulatory mandates

  • Creates a custom and compliant funding document

  • Provides the legal support materials should your company ever be audited

Please watch the above videos to see how our California MCA Automated Workflow, Guide, and APR Calculator can help you to generate a complaint deal in less than 10min.  See deBanked's review of our MCA Disclosure Guide here.

If you have questions about the new disclosure law or are interested in obtaining the guide please contact us.

MCA Funder's Guide to California Disclosure Law

To help with the statute's complexities, Austin, LLP has created a straightforward Funding Guide making underwriting quick, clear, and precise. The Funding Guide includes the following: 

1. Statute Accurate APR Calculator 

The State of California has created over 250 pages of legal documentation to clarify how the California regulatory agency calculates the APR. The APR is different contingent upon the day of disbursement, and our calculator factors that difference. The calculator also automatically creates every piece of information you need for the disclosure using purchase price, factor rate, disbursement date, first payment rate, and the merchant's revenue for the required four trailing months. 

2. Fillable PDF Statute Accurate Summary Offer Form

The California disclosure statute and regulations do not provide the form required for the disclosure yet have precise formatting requirements. Our statue-compliant PDF form uses predefined input cells that can be completed in minutes without ambiguity ensuring you correctly make the required disclosures to the MERCHANT and BROKER. 

3. Statute Accurate Future Prosecution Defense Materials

Should you encounter any future litigation, our guide contains all of the statute law with citations to the law in our reference appendix, an invaluable tool for your defense counsel, saving you time and money. 

Click HERE to obtain the complete guide Table of Contents, Summary Checklist and an image showing the Calculator.



"We took a leave from states mandating new regulations as we gathered more information to determine how to remain compliant. Your guide and calculator gave us everything we needed to integrate compliance easily into our business. Thank you." 


"Your calculator is so easy and straightforward. The last two attorneys we spoke with weren't willing to provide us with an APR calculator. This calculator is invaluable and allows us to turn around offers quickly."

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