California’s Senate Bill 666 (“Bill 666”) recently went into effect on January 1, 2024,[1] and the perhaps-appropriately numbered bill is a development that factors cannot afford to ignore.[2]
Every factor has experienced the frustration of the account debtor refusing to pay the factor on the grounds that the assignor’s performance was deficient.[1] To combat this, factors
Factors who rely on payment verification applications, otherwise known as estoppel agreements, can rest easier knowing their validity and enforcement is more secure, at least in New Jersey.[1]
