Setting the Standards of Professionalism For 30 Years
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Prerequisites

  1. CLFP candidates have a minimum of three years of verifiable equipment leasing and financing experience. For those with less than three years experience, please look into the CLFP Associate designation.
  2. Completed application and examination fee 
  3. Committee approval to sit for the exam

Click Here To Apply

The CLFP Exam

The CLFP Exam is an eight-hour test featuring various question formats including multiple choice, essay, true/false, etc.  The Exam is cumulative and a score of 75% is needed to pass.  If 75% is not obtained, the individual sections are taken into consideration and as long as the person has scored at least a 75% in two of the four sections, only the sections that the person did not pass would need to be taken again.  If the person scored a 75% or above in only one section, the entire Exam would need to be retaken.

Part I – 282 points (120 Minutes)

History & Purpose of Leasing - 50 points

Classification & Terminology - 150 points

Lessor-Vendor Relationships - 50 points

Essay - 32 points

 

Part II – 284 points (120 Minutes)

Credit and Financial Statement Review - 50 points

Lease Law and Documentation - 150 points

Collections - 50 points

Essay - 34 points

 

Part III – 282 points (150 Minutes)

Financial & Tax Accounting - 100 points

Sources of Financing for a Leasing Company - 50 points

Lease Pricing - 100 points

Essay - 32 points

 

Part IV – 150 points (90 Minutes)

Select 3 of the following - 50 points each

  • Sales and Lease vs. Buy
  • Marketing
  • Portfolio Management
  • Government Leasing
  • Lease Company Management
  • Insurance for Leasing Companies
  • Agriculture Leasing
  • Advanced Pricing and Structuring
  • Alternative Financing
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