Louisiana and Texas commercial financing rules: current official sources
Louisiana has a written-disclosure requirement; Texas now provides registration instructions. Applicability depends on the transaction and statutory exemptions.
Updated
Updated September 14, 2026: replaced the outdated “rules due by September” framing and removed unsupported predictions about refinancing, APR requirements and settlement leverage.
Louisiana’s legislature identifies Act 198 of 2025 as effective August 1, 2025. The law requires specified written disclosures for covered revenue-based financing transactions at or before consummation. The statute, rather than a generic MCA label, determines which requirements apply.
The Texas Office of Consumer Credit Commissioner now provides registration guidance for commercial sales-based finance businesses. Its page says applications through NMLS began September 1, 2026. Providers and brokers should consult the current regulator instructions and the applicable rules for deadlines and exemptions.
A disclosure or registration requirement does not by itself establish that a particular debt is void, that all financing must state APR or that a merchant can stop payments. Ask qualified counsel to assess the contract, transaction date, parties and jurisdiction. This article does not provide a state-by-state legal opinion.
Sources
Sources and original links. Any verification limitations are noted in the article above.
- Louisiana Legislature: R.S. 9:3137.10www.legis.la.gov/legis/LawPrint.aspx?d=1429292See source for publication and update dates
- Louisiana Legislature: Act 198 legislative historywww.legis.la.gov/Legis/BillInfo.aspx?i=248484See source for publication and update dates
- Texas OCCC: commercial sales-based financeoccc.texas.gov/industry/regulated-lenders/commercial-sales-based-financeSee source for publication and update dates