FINANCIAL INSTITUTIONS: Provides relative to revenue-based financing transactions

Removed the requirement to disclose specific interest rates, factor rates, or annual percentage rates for revenue-based financing transactions.

Deleted the detailed list of specific financial disclosures (such as total funds disbursed and total dollar cost) that were previously required.

Clarified that fees, discounts, or other charges in these transactions are not considered interest.

Removed the Governor's approval and Speaker of the House signatures, reverting the document to its original draft status.

Deleted the 'Engrossed' header and replaced it with 'Enrolled', indicating the bill has passed its final legislative stage and is ready for the Governor's signature.

Removed the original digest, abstract, and legislative history notes, as these are informational summaries no longer needed in the final enrolled text.

Changed the legislative intent statement to focus on providing disclosures rather than just defining the transaction type, aligning with the new requirement for written transparency.

Added a new subsection requiring a written disclosure of transaction terms to be given to the borrower before the deal is finalized.

Added a detailed list of specific financial details that must be included in the disclosure, such as total funds provided, fees withheld, total repayment amount, and the dollar cost of the transaction.