CALIFORNIA FINANCE LENDERS LICENSE LAWYER

California Finance Lenders License Lawyer

California CFL License Lawyer

California Lending License Lawyer

California Finance Broker License Lawyer

California Lending License Defense Lawyer

California PACE program administrator license lawyer

Alan Abergel, Esq. is an attorney licensed by both the State Bar of Texas and the State Bar of California.  

We also provide Texas Regulated Lender licensing and compliance services

and Texas Credit Access Business licensing and compliance services.

The California Financing Law  requires the licensing and regulation of finance lenders and brokers making and brokering consumer and commercial loans, except as specified; prohibits misrepresentations, fraudulent and deceptive acts in connection with making and brokering of loans; and provides administrative, civil (injunction and ancillary relief) and criminal remedies for violations of the law.  A finance lender is defined in the law as “any person who is engaged in the business of making consumer loans or making commercial loans.”

A finance lenders license provides the licensee with an exemption from the usury provision of the California Constitution. There are a number of “non-loan” transactions, such as bona fide leases, automobile sales finance contracts (Rees-Levering Motor Vehicle Sales and Finance Act) and retail installment sales (Unruh Act), that are not subject to the provisions of the California Financing Law. In addition to requiring a license for certain lending activity, the California Financing Law requires a license for certain brokering activity.

A “broker” is defined in the law as “any person engaged in the business of negotiating or performing any act as broker in connection with loans made by a finance lender.” A broker license authorizes brokering of loans to licensed finance lenders; it does not authorize brokering of loans to those who are not licensed finance lenders.