[OC Funder]

Well I have been dealing with FundShop, SmartBiz, Smart Advanced, to name a few and it's never come up. For the very few loans that are done California, it doesn't justify the licensing requirements as near as I can tell.

For some it's not worth doing business in California, and for others they roll the dice and choose to ignore the requirements. For you, I highly recommend contacting an attorney. You seem to be located in California, which would make me think it would be easier for them to enforce penalties.

any person who willfully violates any provision of this division, or who willfully violates any rule or order adopted pursuant to this division, shall, upon conviction, be punished by a fine of not more than ten thousand dollars ($10,000), by imprisonment in a county jail for not more than one year or pursuant to subdivision (h) of Section 1170 of the Penal Code, or by both that fine and imprisonment. However, no person may be imprisoned for the violation of any rule or order unless he or she had knowledge of the rule or order. Conviction under this section shall not preclude the commissioner from exercising the authority provided in Section 22713.

[Olderguy]

For some it's not worth doing business in California, and for others they roll the dice and choose to ignore the requirements. For you, I highly recommend contacting an attorney. You seem to be located in California, which would make me think it would be easier for them to enforce penalties.

any person who willfully violates any provision of this division, or who willfully violates any rule or order adopted pursuant to this division, shall, upon conviction, be punished by a fine of not more than ten thousand dollars ($10,000), by imprisonment in a county jail for not more than one year or pursuant to subdivision (h) of Section 1170 of the Penal Code, or by both that fine and imprisonment. However, no person may be imprisoned for the violation of any rule or order unless he or she had knowledge of the rule or order. Conviction under this section shall not preclude the commissioner from exercising the authority provided in Section 22713.

Bro....the lenders (super brokers) are doing just fine funding deals in California....give one of them a call and ask them. I think you are misinterpreting the law. Don't you think the lenders know this?

[OC Funder]

Bro....the lenders (super brokers) are doing just fine funding deals in California....give one of them a call and ask them. I think you are misinterpreting the law. Don't you think the lenders know this?

Lenders operate outside the law all the time. In fact multiple lenders have paid massive fines for violating CA licensure laws. Based on banking attorneys have told me, this is my understanding of how it works. Maybe your lenders know better.

[Olderguy]

Lenders operate outside the law all the time. In fact multiple lenders have paid massive fines for violating CA licensure laws. Based on banking attorneys have told me, this is my understanding of how it works. Maybe your lenders know better.

I doubt that is the case with the lender's I indicated above. Maybe some MCA lenders, but not thie super brokers I deal with. Make a phone call.