Equipment Leasing Broker License

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Equipment leasing broker license.

California broker s should have california lenders license joe bonanno esq clp legal counsel for the national association of equipment leasing brokers i was unable to get back to you when you sent me an email requesting my. Since many equipment leasing and finance companies elfc doing business in california engage in some transactions that may not be true leases many elfcs applied and obtained a. State licensing requirements also include a set of fingerprints taken by a law enforcement agency payment of the examination fee and the state license fee. When you partner with amur equipment finance you give your clients access to the financing and leasing options that are best suited to their business needs.

With rapid credit decisions a clear online process and comprehensive funding within hours we have programs that can support your customers of all credit profiles and sizes. Elfa continues to monitor state legislatures interest in lender s license laws and works with in state coalitions in the states where they arise to educate lawmakers on the negative economic. Needless to say i agree with my good. Opinion about the ca brokers license.

Welcome to the american association of commercial finance brokers aacfb the premier organization supporting the commercial finance broker. As a financial services provider of equipment leasing timepayment has supported the broker community for over a decade. The duty of a leasing broker is to bring together three parties business owners and managers wanting to lease equipment for their businesses equipment manufacturers and retailers wanting to sell. Present an official copy of your completed coursework showing the school seal and official signatures at the time of license application.

In general and unless exempt any person engaging in business as a finance lender or finance broker is required to obtain a california finance lenders license. Legislation based on california s law would establish finance lenders licensing regimes that would severely restrict the financing of commercial equipment leases and increase the cost of financing. And your own business will enjoy the competitive advantage of our streamlined. As an equipment leasing broker in which you arrange agreements between businesses who need but can t buy necessary equipment and manufacturers or retailers of said equipment specific knowledge of for instance office computer equipment will be critical as well as knowledge regarding the accounting and tax treatment of leased equipment.

Tcs equipment finance s broker program enables us to quickly and efficiently work with referral partners such as brokers banks and other business services to help their clients with their equipment leasing needs.