January 25, 2014

The Los Angeles Daily Journal published an article by Arthel McDaniel III "AB 1091: Expanded Exemption from Lenders Law." The article addresses Assembly Bill 1091 which amends certain sections of the California Financial Code collectively known as the California Finance Lenders Law  (CFLL) to both expand the authority of the Department of Corporations to enforce the CFLL and most importantly, for private investment funds increase the de minimis commercial loan exemption from one to five loan transactions in any 12 month period. The full article is available for subscribers only.