The standard factoring disclosure page itemizes all mandated fee and term fields directly above the signer’s signature block, eliminating the risk of hidden terms buried in fine print or unmarked addenda. It is a required regulatory document for all factoring agreements, including both business invoice factoring and structured settlement payment factoring, and missing or misclassified fields can result in the agreement being deemed unenforceable in most U.S. states. You can cross-reference these required fields against baseline factoring disclosure templates hosted by the Settlement Desk document library if you need a reference point for identifying missing or misclassified fields. All fields listed on this page must match the verbal and written terms you agreed to during the factoring application process, with no deviations allowed without explicit written notification before signing.
Itemized value column for assigned customer invoice totals
This column is the foundational component of the disclosure page, as all subsequent fee and advance calculations are based on the values listed here. For business invoice factoring, each line item corresponds to a single customer invoice, with supplementary fields for customer name, invoice issue date, and invoice due date listed directly alongside the core fields. For structured settlement factoring, each line item corresponds to a single scheduled annuity payment, with supplementary fields for annuity issuer name, payment scheduled date, and court order reference number (if applicable) listed alongside core fields. No receivables can be omitted from this column, even if they are part of a batch with a combined face value, and partial assignments of a single receivable must be clearly marked as such, with the portion being assigned listed separately from the portion being retained by the seller. Any discrepancies between the values listed here and your own records must be flagged to the factoring servicer immediately, as changing these values after signing requires a formal amendment to the agreement that must be re-signed by all parties.
The below table outlines all required fields for this section and accompanying verification steps:
| Field Name | Field Description | Required Placement | Pre-Signature Verification Check |
|---|---|---|---|
| Assigned Receivable Unique ID | Alphanumeric identifier tied to the underlying invoice or structured settlement payment being assigned | Leftmost column of the itemized value table, one entry per assigned receivable | Match ID to physical or digital copy of the original receivable to confirm no unapproved assets are listed |
| Face Value of Receivable | Full original amount owed on the invoice or scheduled annuity payment, before any deductions | Adjacent to the Assigned Receivable Unique ID, one entry per line item | Cross-check against original invoicing records or annuity statements to confirm the listed amount is accurate |
| Advance Percentage | Portion of the receivable face value that will be disbursed to the seller at closing, before fee deductions | Directly to the right of the face value column, with total advance calculation listed below all line items | Confirm percentage matches the agreed-upon rate shared during your application review |
| Holdback Reserve Amount | Portion of the receivable face value held in a third-party reserve account until the receivable is fully paid by the underlying payor | Right of the advance percentage column, with total reserve amount listed below all line items | Verify holdback release conditions are explicitly outlined in the repayment term schedule section |
| Net Pre-Fee Advance Total | Sum of all individual receivable advance amounts, before any processing fees are deducted | Final row of the itemized value column, bolded for visibility | Add all individual advance amounts manually to confirm the total is calculated correctly |
Mandatory fee box detailing all one-time and recurring processing charges
This box is required to be a visually distinct, shaded section directly adjacent to the right of the itemized value column, with no fees permitted to be listed outside of this section. All fees must be listed as both a fixed dollar amount and a percentage of the total gross assigned value (the sum of all face values in the itemized column) to eliminate ambiguity around fee calculations. One-time fees typically include origination fees, UCC filing fees, notary fees, credit check fees, and closing administrative costs, all of which are deducted from the net pre-fee advance total before disbursement. Recurring fees typically include monthly servicing fees, late payment fees (applied if the underlying receivable payor pays after the scheduled due date), and collection fees (applied if the factoring company is required to initiate formal collection activity for a delinquent receivable). Any fee listed as variable must include the maximum possible dollar amount of that fee in the same line item, as open-ended variable fees are prohibited under most state consumer and commercial finance regulations. You should calculate the total of all listed one-time fees and subtract that amount from the net pre-fee advance total to confirm the final disbursement amount you will receive at closing matches the amount you were quoted during the application process. If the factoring servicer is unable to provide a maximum fee amount for any listed variable charge, you may request that the fee be removed or capped in writing before signing.
Repayment term schedule outlining remittance deadlines and holdback release dates
This section lists all key dates associated with the factoring agreement, with no vague relative dates allowed (e.g., “30 days after closing” must be accompanied by the exact MM/DD/YYYY date that corresponds to that timeline). For business invoice factoring, remittance deadlines are the dates by which each underlying customer must submit their invoice payment to the factoring company, and holdback release dates are the dates the corresponding reserve amount will be disbursed to you once all payments for a given batch of invoices are received in full. For structured settlement factoring, remittance deadlines are the dates the annuity issuer is scheduled to send each assigned payment to the factoring company, and holdback release dates apply if a portion of your advance is held in reserve until the required court approval for the payment transfer is finalized. The schedule must also list any applicable grace periods for late payor payments, and the specific penalties that will be deducted from your reserve account if a payor misses a payment deadline by more than the allowed grace period. You should cross-check all listed dates against your own accounts receivable calendar or annuity payment schedule to confirm there are no errors that could result in unexpected penalties. If a date is listed incorrectly, you may request a revised term schedule before signing to avoid future disputes.
Attestation line note confirming the signer has reviewed all listed disclosures
This line is positioned directly above the signature block, with no fine print allowed in this section. The attestation requires you to explicitly confirm that you have reviewed every section of the disclosure page, including the itemized value column, mandatory fee box, and repayment term schedule, and that you understand all terms and obligations outlined in the document. For business signers, the attestation will also include a line confirming you have the legal authority to assign the listed invoices on behalf of the business, and that none of the listed invoices are currently pledged to another lender, factoring company, or creditor. For structured settlement payees, the attestation will include a line confirming you understand you are permanently assigning your right to receive the listed annuity payments, and that you have had the opportunity to consult with a licensed attorney or financial advisor prior to signing. The attestation cannot include any language that waives your right to dispute fraudulent or incorrect terms after signing, and any such language included in the attestation line is unenforceable in most U.S. states. If you do not understand any term referenced in the attestation, you may ask the factoring servicer for a plain-language explanation before signing.
Pre-signature verification form section for cross-checking all listed field entries
This section is a fillable checklist that you are required to complete and initial before signing the disclosure page, to document that you have completed all required verification steps. Standard checklist items include: confirmation that all assigned receivables are correctly listed in the itemized value column, confirmation that all fees in the mandatory fee box match the agreed-upon amounts, confirmation that all dates in the repayment term schedule are accurate, confirmation that you have received copies of all underlying receivable documents referenced on the page, and confirmation that you have had all questions answered by the factoring servicer to your satisfaction. You must initial each line item of the checklist to confirm you have completed that verification step, and you should not initial any line item if you have not completed the corresponding check. If any field is incorrect, missing, or unclear, you must notify the factoring servicer and request a corrected disclosure page before signing, as initialing the checklist confirms all information is accurate to the best of your knowledge. You are entitled to keep a fully signed copy of the disclosure page for your personal records immediately after signing.
Before signing any factoring agreement, set aside 15 minutes to cross-check every field on this disclosure page against your own records of the assigned receivables and agreed-upon terms, and flag any discrepancies for your factoring servicer before providing your signature.
