This bill, Substitute Senate Bill No. 1032, introduces new requirements for commercial financing transactions. It defines "commercial financing" as sales-based financing that does not exceed $250,000 and is not intended for personal use. The bill mandates that providers of commercial financing must disclose specific information to recipients, such as the total amount of financing, finance charges, repayment amounts, and potential fees. It also requires disclosure of any charges or fees if the recipient chooses to pay off or refinance the financing early, as well as collateral requirements. Providers must obtain the recipient's signature on all required disclosures before proceeding with the transaction. The bill also prohibits commercial financing contracts entered into after July 1, 2024, from containing provisions that waive a recipient's right to notice, judicial hearing, or prior court order in connection with the provider obtaining any prejudgment remedy. The bill establishes registration requirements for providers and commercial financing brokers, including disclosure of any fraud or money laundering convictions. Providers and brokers must pay initial and annual registration fees, and failure to pay the annual fee will result in the expiration of registration. The Banking Commissioner is authorized to adopt regulations to enforce the bill, and violations may result in civil penalties and injunctions.