1422 CFL Instructions (Rev. 2/18) 1 STATE OF CALIFORNIA DEPARTMENT OF BUSINESS OVERSIGHT IN STRUCTIONS FOR COMPLETING THE APPLICATION FOR A LICENSE UNDER THE CALIFORNIA FINANCING LAW (CFL ) WHO IS REQUIRED TO OBTAIN A FINANCING LAW LICENSE? In general, any person engaging in the business of a finance lender or finance broker is require d to obtain a California Financing law s license . The CFL contains a number of exemptions for persons licensed by other regulatory agenc ies. A financ e broker licensed under the CFL may only broker loans to lenders licensed as finance lenders. The license does not provide the broker with the authority to broker loans to and collect brokerage commissions from other types of lenders such as credit unions and banks. All companies engaged in making or brokering loans secured by residential real property will be required to obtain a license through NMLS. ASSISTANCE WITH THE APPLICATION Refer to these instru ctions while completing the CFL application. If you have questions about the application - free telephone number at 1 - 866 - 275 - 2677 . Departmental personnel cannot provide individual legal or acc ounting advice. Applicants who need such advice must consult a qualified professional. FEES AN D PROCESSING OF THE APPLICATION The application and all exhibits must be typewritten. All signatures must be original and not a copy. Attach additional shee ts if you need more space to complete an answer to any of the questions. Answer every question in the application, unless these instructions direct otherwise, and label the answers by the corresponding question number or exhibit letter. The application, including all exhibits, must be accompanied by a nonrefundable application fee of $200, an investigation fee of $100, and fingerprint processing fees. The applicable fingerprint processing fee is $20 per individual if the individual resides in California. If the individual resides outside of California, the applicable fingerprint processing fee is $86 per individual. The application fee, investigation fee, and fingerprint processing fees are not refundable if the application is denied or withdrawn. Det ailed instructions for the Make check(s) payable to the Department of Business Oversight for the total amount of all fees. The application, exhibits, and fees must be filed only in t he Los Angeles office of the Department of Business Oversight, located at 320 West 4 th Street, Suite 750, Los Angeles, California 90013. Applications which do not include all required information and exhibits will not be processed. American LegalNet, Inc. www.FormsWorkFlow.com 1422 CFL Instructions (Rev. 2/18) 2 THE CFL APPLICATION References to exhibits in these instructions pertain to specific documents that must be submitted with the CFL application. The headings used in these instructions correspond to the application item numbers and exhibit letters in the CFL application. COVER PAGE OF APPLICATION Check one ITEM NUMBER 1 OF APPLICATION 1.a. Name of Applicant : Provide the applicant Note: Some foreign entities are required by the California Secretary 1.b. Fictitious Business Name: An appli cant who intends to conduct CFL business under a fictitious business name that is different from its legal name should list the fictitious business name here. Enter the name exactly as it appears on the Fictitious Business Name Statement as filed with the county clerk. The fictitious business name must be provided in addition to the legal name. Applicants who intend to conduct business under a fictitious business name are required to comply with the rules governi ng the filing of a fictitious business name as set forth in the Business and Professions Code, beginning at Section 17900. 1.c. Filing of Fictitious Business Name: Provide the name of the county in which the fictitious business name is filed. The fictit ious business name must ITEM NUMBER 2 OF APPLICATION: Applicant is Organized and Will Do Business as: Check the appropriate box to indicate the organizational form of the applicant. American LegalNet, Inc. www.FormsWorkFlow.com 1422 CFL Instructions (Rev. 2/18) 3 ITEM NUMBER 3 OF APPLICATION: Provide the applica business, including number and street, city, county, state, and zip code. An additional CFL license is required for each additional business location. ITEM NUMBER 4 OF APPLICATION (Sole Proprietor Applicants ONLY): This item is to be completed only by applicants who are sole proprietors and not organized as any other form of business. 4.a. Name of Sole Proprietor Applicant: List 4.b. Person(s) Who Will Be In Charge of the Place of Business: Provide the full name, address, telephone number, and e - organization in California. 4.c. Agent for Service of Process (Sole Proprietor Applic ants Outside of California ONLY): information if the applicant has an agent in California who is authorized to accept service on its behalf. As an example, it is common for persons to authorize their attorney to accept service of process on their behalf. ITEM NUMBER 5 OF APPLICATION (Partnership Applica nts ONLY): This item of the application must be completed only by applicants organized as a general or limited partnership. 5.a. Organization: Include the full date (month, day, and year) and the state where the partnership was organized. 5.b. General Partners: Provide the requested information for all general partners and indicate if the general partner is a managing general partner by checking the box. 5.c. Person(s) Who Will Be In Charge of the Place of Business: Provide the full name, address, te lephone number, and e - organization in California. American LegalNet, Inc. www.FormsWorkFlow.com 1422 CFL Instructions (Rev. 2/18) 4 5.d. and 5.e. Other Persons: List the f oposed activities under the CFL license in 5.d. and any person that owns or controls, directly or indirectly, 10% or more of the applicant in 5.e. This includes any entity owning 10 % or more of the applicant. 5.f. Agent for Service of Process (General Partnership Applicants ONLY): information if the applicant has an agent in Ca lifornia who is authorized to accept service on its behalf. For example, it is common for persons to authorize their attorney to accept service of process on their behalf. Indicate if there is no authorized agent for service of process in California by s ITEM NUMBER 6 OF APPLICATION (Corporations and Other Business Entities): Complete this item of the application only if the applicant is applying as a corporation, limited liability company, joint venture, association, joint stock company, trust, unincorporated organization, government, or political subdivision of a government. 6.a. Organization: Include the full date (month, day, year) of organization and the state where the applicant was organized. 6.b. Officers and Directors: List the full name of each of the officers, directors, managers, and trustees. 6.c. Person(s) Who Will Be In Charge of the Place of Business: Provide the full name, address, telephone number, and e - in charge organization in California. 6.d. and 6.e Other Persons: oposed act ivities under the CFL license in 6.d. and any other person that owns or controls, directly or indirectly, 10% or more of the applicant in Item 6.e. This includes any entity owning 10% or more of the applicant. If the applicant is owned by another entity(s) or individual(s), or has subsidiaries of affiliated entities, provide an organization chart identifying each entity or individual and their percentage of ownership in the applicant. Label the organization chart as Exhibit M. ITEM NUMBER 7 OF AP PLICATION: Regulatory or Other Action: Under Financial Code Section 22109 (a)(2) and (3), the Commissioner of Business Oversight may deny an application for a finance lender or broker license if the applicant has been convicted of a crime or committed an act involving dishonesty, fraud, or deceit within the last 10 years or if the applicant has violated the CFL or American LegalNet, Inc. www.FormsWorkFlow.com 1422 CFL Instructions (Rev. 2/18) 5 other similar regulatory scheme at any time. Describe, if applicable, by providing the information requested. Attach a copy of eac