Tag: FLL

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Some California Lenders May Now Pay Finder Fees to Unlicensed Referral Sources

Some California Lenders May Now Pay Finder Fees to Unlicensed Referral Sources

By: Jon Jaffe,  Jeremy M. McLaughlin

California Governor Jerry Brown recently signed two bills into law that will provide Finance Lender licensees with greater flexibility in the ways in which they can obtain loan leads. One bill broadens the category of people who may refer commercial loan customers to licensees, and the other expands the role of a finder for certain unsecured loans. Both bills take effect in January 2016.

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