What does a California Financing Law broker license generally authorize the broker to do?
Correct Answer
C) Broker loans to lenders licensed as finance lenders, subject to CFL restrictions
DFPI CFL guidance treats finance lending and finance brokering as activity-specific authority. A CFL broker brokers loans to finance lenders and remains subject to CFL limits.
Why This Is the Correct Answer
DFPI CFL guidance treats finance lending and finance brokering as activity-specific authority. A CFL broker brokers loans to finance lenders and remains subject to CFL limits.
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