We’ve covered how the Regulation Ripple began in New York and expanded through Florida, Texas, and California, along with a broader group of first-wave disclosure states. Together, these developments reflect a steady shift in how alternative financing is expected to be disclosed, explained, and communicated.
With California marking a clear expansion in regulatory focus in 2026—moving regulatory attention beyond paperwork and into pricing language and conversations—the ripple is continuing. See California’s Regulatory Ripple Just Reached Broker Conversations
That brings us to New Jersey.
New News: New Jersey Reintroduces a Commercial APR Disclosure Bill
While New Jersey has considered commercial financing disclosure legislation in prior sessions, the state has not yet enacted a comprehensive APR disclosure framework for revenue-based funding products.
That may be changing.
In January 2026, New Jersey lawmakers reintroduced Senate Bill S1760, formally filed on January 13, 2026, and referred to the Senate Commerce Committee.
Source: New Jersey Legislature’s S1397 Page.
The bill’s reintroduction signals renewed legislative interest in standardizing how cost is calculated and communicated in non-bank commercial financing.
What Existed Before — And Why This Is Different
New Jersey is not new to this conversation.
In prior legislative sessions, lawmakers introduced multiple commercial financing disclosure bills, including versions in 2024, but none ultimately became law. Those earlier proposals also allowed for alternative disclosure formats, such as total dollar cost, rather than centering squarely on APR.
What makes S1760 notable is not that it’s the first attempt, but that it reflects continued momentum and a clearer regulatory direction at a time when other states are tightening expectations.
What the Reintroduced Bill Would Add
If enacted, S1760 would require covered commercial financing offers to disclose, at the time a specific offer is made:
- APR calculated using a standardized methodology referenced in the bill and disclosed as “APR” or “annual percentage rate.”
- The total payment amount and finance charge
- Descriptions of applicable fees and collateral requirements
- Separate written broker fee disclosures before consummation
The bill, as currently drafted, applies broadly across alternative financing products, including sales-based financing such as MCAs. It also includes an enforcement provision allowing civil actions in cases where a court finds a provider or broker has recklessly or willfully violated the statute, with remedies limited to civil penalties.
Sources: deBanked
Note: This summary is provided for informational purposes only and reflects the bill as currently drafted. Legislative language may evolve during committee review and amendment.
Why This Matters Now
New Jersey’s move reinforces a broader national pattern we’ve been tracking:
Recent developments suggest regulatory focus is expanding beyond whether disclosures exist to how cost is calculated, present and understood.
As states revisit earlier frameworks or push stalled efforts forward, brokers who rely on clear structure, consistent pricing language, and transparent positioning will be better prepared, regardless of whether a specific bill passes this session or the next.
New Jersey may not be the law yet—but it is clearly back in play.
What Brokers Should Do Now
New Jersey’s bill hasn’t passed yet, but preparation isn’t about one state—it’s about tightening fundamentals everywhere.
âś“ Creating clear, written guidelines that define how pricing may be discussed with merchants
âś“ Keep pricing language consistent across calls, emails, texts, and written offers.
âś“ Reference APR (or estimated APR) carefully and only in ways consistent with final written disclosures.
âś“ Deliver disclosures clearly, on time, and without last-minute changes.
âś“ Structure deals early to reduce merchant pressure and avoid reactive stacking.
âś“ Design payment schedules that support cash-flow stability, not just speed to funding.
âś“ Know which states already have disclosure rules and be ready to adjust as expectations tighten.
Brokers who tighten their process now won’t just be ready for New Jersey — they’ll be better prepared across every market.
🧱 Where Nexi Stands
At Nexi, we have always believed that transparency lives in conversations — not just contracts.
That’s why we emphasize:
âś… Plain-language explanations merchants can understand
âś… Compliance-forward communication standards
âś… Ongoing broker education as regulations evolved
âś… Clear pricing discussions aligned with disclosure requirements
ISOs and brokers who adapt early will reduce risk, build trust, and strengthen long-term merchant relationships.
If you want to talk through how regulation developments like New Jersey’s may impact your deals, your process, or your merchant conversations, we’re here.
👉 Let’s talk.
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Disclaimer: This newsletter is provided for informational purposes only and does not constitute legal advice. Readers should consult their own counsel before taking any action based on the information herein for registration requirements and enforcement oversight..
