[bizzcash.com]

2.) Yes. In order for LoanMe to compensate brokers for CA funded files. Brokers must have either a California Finance Lenders License or Real Estate License through the California D.R.E.

LoanMe: Thank you for making yourselves available to the forum for response to inquiry. To that regard, and as to the above statement No. 2: Is LoanMe's policy to refuse unlicensed broker referrals on California funded erroneously based upon a mistaken impression that such unlicensed referrals remain in violation of California law?

Is LoanMe aware that California Governor Jerry Brown signed legislation authorizing lenders such as LoanMe to accept these very referrals from and to specifically compensate brokers for such referrals, effective January 1st, 2016?

LoanMe: as I think and dictate this reply, a thought comes to mind. That is, may this inquiry constitute bizzcash.com's official request to LoanMe, on presumptious behalf of brokers wishing to offer LoanMe business cash advance product in California, that LoanMe re-examine this issue and reconsider its prohibition on compensating brokers for referrals of California funded; just as the state of California re-examined and reconsidered this self same issue, with California government ultimately coming to the conclusion that brokers were a vital and vibrant contributor to the local financial industry and deserve to be properly compensated. No licensing is required.

Please review the following: http://www.consumerfinancialservices...erral-sources/

[rick_clsfunding]

Please review the following: http://www.consumerfinancialservices...erral-sources/

Yes, but that provision only applies when the commercial loan’s APR does not exceed 36% and the referring broker does not participate in the gathering of loan documents from the borrower or delivering the documentation to the licensee.