Home
Forms Library
Application for a License under the California Finance Lenders Law

Application for a License under the California Finance Lenders Law 2025

Application for a License under the California Finance Lenders Law Preview on Page 1

See details

4.4 out of 5

336 votes

The document provides detailed instructions for completing the application for a license under the California Finance Lenders Law (CFLL). It outlines who is required to obtain a finance lender or broker license, the application process, necessary fees, and specific requirements for various types of applicants (individuals, partnerships, corporations). The document also includes guidelines for submitting supporting exhibits, such as financial statements and surety bonds, as well as information on fingerprint processing and legal compliance. Additionally, it emphasizes the importance of providing accurate information and maintaining confidentiality regarding personal data.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out Application for a License under the California Finance Lenders Law with DocHub

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open the Application for a License under the California Finance Lenders Law in our platform.
Begin with the Cover Page. Select one box to indicate whether you are applying as a 'Lender', 'Broker', or 'Both'. Ensure only one box is checked.
In Item Number 1, provide your legal name. If you are a sole proprietor, include your first, middle (if applicable), and last name. If no middle name exists, indicate this clearly.
For Item Number 2, check the appropriate box that reflects your organizational form—individual, partnership, corporation, etc.
Complete Item Number 3 by entering your proposed licensed place of business with full address details including street number, city, county, state, and zip code.
If you are a sole proprietor (Item Number 4), provide additional details such as your full name and contact information for individuals in charge of the business.
Continue filling out subsequent items as required by the application instructions. Be sure to attach all necessary exhibits and documents as specified.

Start using our platform today to streamline your application process for free!

See more Application for a License under the California Finance Lenders Law versions

We've got more versions of the Application for a License under the California Finance Lenders Law form. Select the right Application for a License under the California Finance Lenders Law version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2018	4.8 Satisfied (66 Votes)
2016	4.4 Satisfied (336 Votes)
2013	4.4 Satisfied (448 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How can I sign my Application for a License under the California Finance Lenders Law online?

Sign in to your DocHub account and add your Application for a License under the California Finance Lenders Law to our editor using one of its upload options - from your device, cloud storage, secure URL, or your DocHub folders if you have already processed your form before. Open our editor, click the Sign key in the upper toolbar, and choose your signing method. You can use a picture of your handwritten signature, draw it, type in your name, or use a QR code instead.

Can I edit Application for a License under the California Finance Lenders Law on my phone?

As a comprehensive document editing platform, DocHub is available on mobile phones. Open DocHub in your choice of mobile internet browser and use our intelligent mobile-friendly toolset to fill out your Application for a License under the California Finance Lenders Law.

Can anyone be a lender?

Myth 3: Private Lending Is Only For Accredited Investors While there are certain requirements in place for accredited investors, anyone can participate in private lending as long as they have the funds needed to cover the loan and understand the risks associated with it.

How do I become a private lender in California?

In general, an applicant/licensee must: Broker must have and maintain a $50,000 net worth; Lender/Broker must have and maintain a $250,000 net worth. Obtain and maintain a minimum of $25,000 surety bond. The bond amount will be based on the amount of origination activities conducted by the licensee.

Do you need a license to be a private lender in California?

Most of the states that require a license will have some sort of exception to the rule. For instance, in California, a license is required to make a loan here. But an exception to that rule is having your loans brokered by a DRE licensed broker.

What is the lender license exemption in California?

On April 28, Governor Newsom signed Senate Bill 577 which will, among other things, bring back the California Financing Laws (CFL) licensing exemption which permits a lender to make a single commercial loan within a 12-month period without first obtaining a license.

Who does the California financing law apply to?

Finance Lenders An application for a license under the California Financing Law for any person engaged in the business of making or brokering of loans, or for any individual originating mortgage loans, should be filed through the Nationwide Multistate Licensing System (NMLS).

What is an RMLA license?

A California Residential Mortgage Lending Act license authorizes the following activities: o Make federally related mortgage loans. o Make construction loans. o Service residential mortgage loans. o Purchase and sell federally related mortgage loans.

How do I get a lender license in California?

In order to become a licensed Mortgage Loan Originator in the state of California youll need to complete the following steps: Apply for your NMLS account and ID number. Complete your NMLS Pre-License Education. Pass the NMLS Mortgage licensing exam. Apply for your CA MLO license. Complete background checks and pay all fees.

Do you need a license to be a loan processor in California?

All MLOs employed by finance lenders/brokers under the California Finance Law (CFL) or residential mortgage lenders/servicers under the California Residential Mortgage Lending Act (CRMLA) must be licensed.

Application for a License under the California Finance Lenders Law 2025

Here's how it works

How to use or fill out Application for a License under the California Finance Lenders Law with DocHub