N.Y. Comp. Codes R. & Regs. tit. 23 § 600.13
Current through Register Vol. 46, No. 36, September 4, 2024
When calculating the required disclosures in accordance with section 600.3 of this Part for factoring transactions, to provide a disclosure based upon a single transaction as described by Financial Services Law section 806, the provider shall assume that it will receive full payment of the legally enforceable claim upon the date that legally enforceable claim becomes due and payable.
N.Y. Comp. Codes R. & Regs. Tit. 23 § 600.13