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How to Become a CLFP

Thank you for your interest in applying to sit for the Certified Lease & Finance Professional examination. Upon passing the examination, you will be among a select few in the equipment leasing industry that have demonstrated the knowledge required to pass a very detailed examination and call themselves “Certified Lease & Finance Professionals.” You will be entitled, with permission from the CLFP Foundation, to use the CLFP Logo and Certified Lease & Finance Professional designation(s) on all of your professional literature and correspondence. Before starting this application process, please read all questions and make sure you can supply the required information.

A printable version of the below may be found here.  It also includes recommended steps to becoming a CLFP.

Instructions

  1. Print the CLFP Application and complete it in its entirety. Incomplete applications will not be processed.
  2. Be sure to read the CLFP Standards of Conduct. Upon passing the examination, you agree to act with and be bound by these Standards.
  3. Sign the application and fax or e-mail it to the CLFP Foundation with your credit card information. You may also mail it to the CLFP Foundation office along with your check.

Eligibility

Leasing professionals with the following prerequisites may apply:

  1. CLFP candidates must have a minimum of three years of verifiable equipment leasing and financing experience; however, one year may be substituted with other financial experience; check with us for eligibility requirements. For those with less than three years experience, please look into the CLFP Associate designation.
  2. Acceptable character, ability and reputation both within and outside of the industry.
  3. Pledge, in writing, to adhere to the CLFP Standards of Professional Conduct.

Application and Examination

When the application has been processed and the prerequisites have been verified, the applicant will be notified that he or she is eligible to sit for the exam.

The examination is offered at the conclusion of each of the Academies for Lease & Finance Professionals and more commonly, examinations are administered by proxy. 

Fees and Refunds

A fee of $695 is payable with the filing of the application; this includes a $30.00 non-refundable fee to cover the cost associated with a public records background check of the applicant. Applicant acknowledges that the $30.00 fee will be non-refundable, even if the application is declined.  

For those that need financial assistance, please consider applying for a grant from the Chris Walker Education Fund which may be downloaded by clicking here. Chris Walker was the President of the CLFP Foundation Board of Directors when he passed away and was very active with the National Equipment Finance Association (NEFA) as well.  In the spirit of his passion for education, NEFA created the Chris Walker Education Fund and more information may be found on NEFA's website.

Applicants may pass parts of the examination; the applicant may re-take those parts of the examination that the applicant has not passed as many times as necessary. The re-examination fee is $265.00, provided that all parts of the examination are passed within one year from the date of the first examination. If the examination is not passed within one year, then the payment process as outlined above is repeated. Payments may be made by credit card, PayPal or check, subject to collection.

In the event that after payment of the application fee the applicant is not be able to sit for the CLFP exam, the applicant may request a hardship withdrawal. In case of a medical emergency or other extenuating circumstance, refunds of only the $665 exam fee will be considered. The request for such a waiver must be made in writing and e-mailed or faxed to the Executive Director who will present the case to the CLFP Board of Directors.

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CLFP Foundation
PO Box 146 • Northbrook, IL 60065
Phone (206) 535-6281 • Fax (866) 795-5839
info@clfpfoundation.org
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