
How Can You Get a CFLL license for Your California-based Lender Business? Starting Jan. 2019, all California-based entities that take part in lending will need an operating permit. In other words, a license is a must-have if you want to keep your lender or lender broker businesses running in California next year. These changes, spearheaded by the CFLL (California Finance Lenders Law) have been put in place to protect would-be borrowers from biased and misleading lending habits. Because the state’s CFLL license application procedure is lengthy and complicated, here’s everything you should know: The New Requirements It’s a pro step […]
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