Since being issued in March 2023, Section 1071 of the Dodd-Frank Act has prompted a lot of discussion about its implications for institutions serving the equipment finance industry. In this Trail Mix installment, we’ll provide a quick overview of what you need to know about Section 1071.

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Last month, Tamarack’s Daniel Nelson and Andrew Hedstrom traveled to Washington, D.C., to participate in the annual Equipment Leasing and Finance Association (ELFA) Capitol Connections program. Alongside more than 140 ELFA members, they met with legislators to discuss the key issues facing the industry. We asked them to share their takeaways from the experience.

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