To assist equipment finance companies in tracking financial disclosure regulations that will impact their businesses, the Equipment Leasing and Finance Association (ELFA) has developed a new interactive state-by-state disclosure map of legislative activity. This is the latest informational resource from ELFA’s State Advocacy team to help educate members about what they need to know about this important topic.

“For the first time the industry has an easy-to-use tool to see the activity and access the litany of information in each state,” said Scott Riehl, ELFA VP of State Government Relations. “The interactive map is a continuation of ELFA’s nationwide efforts to protect and promote the industry’s interests while providing a running update on these state disclosure regulations sweeping the country.”

Users simply hover over a state to view legislation status and details. When users click on a state, the map opens to the state’s actual enacted or proposed financial disclosure regulation. There are currently 16 states that have either passed or have financial disclosure legislation in progress. The map will be updated regularly.

Riehl and members of ELFA’s State Legislative & Regulatory Subcommittee have worked successfully to exempt as many industry transactions as possible in order to reduce burdensome disclosure requirements on equipment finance companies, and continue to do so.

To meet the demand from and keep ELFA members informed on disclosure regulation updates, ELFA has become a one-stop source on the issue. More than 1,500 industry professionals registered for three previous in-depth webinars ELFA presented in 2022 and 2023.

To access the Interactive State Disclosure Map, visit ELFA’s Industry Topics Disclosure page at https://www.elfaonline.org/advocacy/state-issues/lenders-license. The page also includes an issues overview; webinar recordings, slide decks and takeaways; comment letters and more.

ELFA is the only association that advocates for the specific interests of the equipment leasing and finance industry. The association represents the industry at both the state and federal levels.