Requires factoring providers to give small businesses a clear, written disclosure of key terms before signing a factoring facility agreement when the expected total of factoring transactions (including fees) is under $500,000 (or is reasonably expected to be). The disclosure must show the haircut between face value and payment, list fees, describe any reserve and its terms, state the agreement duration, and include a worked example for a $10,000 claim. The law also defines core terms (factoring transaction, provider, reserve, small business concern), treats deals labeled as sales as true sales, excludes loans against future receivables, and prevents states or localities from imposing additional or conflicting disclosure requirements.