Revised California (CA) California (CA) Finance Lender Law License Practice Cour

1. Proxsoft LLC Web URL: https://www.proxsoft.us Email ID: sales@ proxsoft.us Ph. No.: +1 (302) 591-7836 Address: 8 The Green, Suite A Dover, Delaware – 19901, USA Revised California (CA) California (CA) Finance Lender Law License Practice Course About the Service:The guided study system features hands-on skills and drills developed by leading IT experts. Customizable tests allow you to focus on your weakest areas. Electronic flashcards help reinforce key concepts. Whether you are studying at home or traveling, Exam Mastery gets you ready for exam-day success! The program will calculate their score/percentile on the same questions that will appear on the actual certification exam when taken at the testing center. With that information, you'll be able to prepare yourself for what's ahead in your exam. Prepare for your certification exam with a targeted, self-paced learning program. Exam Learning Program is an easy-to-use online program designed to help you prepare for your exam and then increase your chances of passing it. Accessing URL of Practice Exam: https://proxsoft.us/product/study-california-ca-california-ca-finance-lender-law-license-practice-course- proxsoft/ License Description: 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. The California Finance Lenders Law is contained in Division 9 of the California Financial Code, commencing with Section 22000. Effective July 1, 1995, the Personal Property Brokers Law, Consumer Finance Lenders Law, and Commercial Finance Lenders Law were consolidated without substantive change into the California Finance Lenders Law (AB 2885, Chapter 1115, Stats. 1994). The regulations under the California Finance Lenders Law are contained in Chapter 3, Title 10 of the California Code of Regulations, commencing with Section 1404 (10 C.C.R. §1404, et seq.). Licensed under the law are individuals, partnerships, associations, limited liability companies and corporations. 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 Finance Lenders Law. In addition to the lending authority provided by the law, the California Finance Lenders Law provides limited brokering authority. 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."" Brokers licensed under this law may only broker loans to lenders that hold a California Finance Lenders license. 1. Fees: Application: $200.00 application fee $100.00

2. Proxsoft LLC Web URL: https://www.proxsoft.us Email ID: sales@ proxsoft.us Ph. No.: +1 (302) 591-7836 Address: 8 The Green, Suite A Dover, Delaware – 19901, USA investigation fee for a total of $300.00. Fees are not refundable. 2. Regulatory Examination Frequency: Approximately once every three years. 3. Experience Requirement: None 4. Average Time to Process Application: 120 days. 5. Renewal Period: License is in effect until surrendered. Licensing Agency: Department of Business Oversight Division of Corporations 320 West Fourth Street, Suite 750 Los Angeles, CA 90013 (866) 275 2677 Ask.DBO@dbo.ca.gov https://dbo.ca.gov/