[mistamca]

Any A-paper funder will require that the broker has a license. This isn't new at all. Once you start with the B and C-paper funders, then they typically start to look the other way.

Even if you use a superbroker, you still need a license. Will you get caught? Probably not.
There are ways to navigate around it but I was also told it does not follow the spirit of the law.

I'm just going to listen to the professionals lol

[Oxforddan]

As far as the CA license goes, you need a license according to the law. Whether you send it to a super broker or not. If you get paid on the deal you need a license. For the disclosure requirements as of now any offer that is communicated to the client needs to have a disclosure communicated prior to sending the agreement. Will that change? Probably, however this is the current landscape as our partners see it.