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Bumped Lease Rates to End in New York

Art Post ·
I was alerted to the article from a friend. The commercial financial disclosure will end the practice of bumped lease rates for many of our leasing companies that are owned by banks. NYDFS Issues Pre-Proposed Rules to Implement New Commercial Financing Disclosure Law By Daniel Pearson , Jeffrey P. Taft , Francis L. Doorley & Krista Cooley on September 27, 2021 Posted in ABS , Regulatory The New York Department of Financial Services (NYDFS) has issued “pre-proposed” rules under New York’s...
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