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A California company wants to broker consumer loans without making loans directly. They need a:

Correct Answer

C) CFL finance broker license

Companies that arrange or broker consumer loans without funding them directly need a CFL finance broker license from the DFPI.

Answer Options
A
CFL finance lender license
B
CRMLA license
C
CFL finance broker license
D
No license is required for brokers

Why This Is the Correct Answer

Companies that arrange or broker consumer loans without funding them directly need a CFL finance broker license from the DFPI.

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