This is a quick explainer video on the updated rules under Texas law HB 700, passed in 2025, with final rulemaking completed and in effect July 9, 2026.
Certainly, this video is made with AI, and although we checked the information and it's directly from the Adopted Rules document, this is informational only and may contain inaccuracies, so check with your counsel :)
🚨 Special Guest Announcement 🚨
We're excited to share that Fort Lauderdale Mayor Dean Trantalis will be joining us at All In for a Cause and will deliver a brief welcome message before cards are in the air.
Join professionals from business lending, fintech, banking, and related industries for an evening of networking, poker, and giving back in support of Second Chance Society.
🗓 June 25, 2026
🕔 Networking: 5:00 PM
🃏 Poker Begins: 6:00 PM
From the RBFC: "As a reminder, the language below was added in the final stages of the legislative process to a larger financial services bill without giving the industry an opportunity to weigh in or educate the legislature.
House Bill 648 will impose the following requirements on factoring and sales-based financing providers and brokers effective July 1, 2027:
Providers of factoring and/or sales-based financing must obtain a "lender" license;
Brokers, lead generators, and anyone that advertises factoring and/or sales-based financing online or via direct mail or telephone must obtain a "loan solicitation license"; and
Providers of factoring and/or sales-based financing must provide cost disclosures including "APR," similar to disclosure requirements in California and New York.
