CDFI Fund extends effective date for small business loan disclosure policy
February 24, 2026 / By ICBA
The Community Development Financial Institutions Fund announced an extension of the date when CDFI certification applicants and CDFIs must begin implementing small-business loan product disclosures to borrowers.
Details: The CDFI Fund said:
Beginning Oct. 1, 2028, any organization seeking CDFI certification that offers small business loan products that do not disclose to the borrower, in writing, the periodic payment due, the total amount to be repaid over the life of the loan, the total finance charges over the life of the loan, or the APR of the loan will be ineligible for CDFI Certification.
Beginning on Oct. 1, 2028, CDFIs that offer small business loan products will be required to attest in their ACR submission to making such disclosures in order to maintain their certification.
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