Application Instructions

1. Complete the CLFP Application in its entirety. Incomplete applications will not be processed, which includes the fee.
2. Be sure to read the CLFP Standards of Conduct. Upon passing the Examination, you agree to act according to and be bound by these Standards.

Eligibility for the CLFP Designation

Leasing professionals with the following prerequisites may apply:

• 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.
• Acceptable character, ability and reputation both within and outside of the industry.
• Pledge, in writing, to adhere to the CLFP Standards of Professional Conduct.
• The CLFP Foundation does not and shall not discriminate on the basis of race, color, religion (creed), gender, gender expression, age, national origin (ancestry), disability, marital status, sexual orientation, or military status, in any of its activities or operations.

Reasonable Accommodations Pursuant to the ADA

The CLFP Foundation will make reasonable efforts to accommodate eligible candidates who provide documented evidence of their disability or need for special arrangements, with services that do not present an undue burden to the CLFP Foundation and do not fundamentally alter the measurement of the knowledge the assessment is intended to test. If you require special testing arrangements, you must inform the CLFP Foundation of your needs in writing upon application submission or at least 30 days prior to your exam date.

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. 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 or by clicking here.

Applicants may pass parts of the Examination; therefore, the applicant may retake 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 Entire exam and 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 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 to the CEO (reid@clfpfoundation.org) who will present the case to the CLFP Board of Directors.

Prerequisites

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. Completed application and Examination fee
3. Approval to sit for the Exam

Character

A CLFP has and maintains acceptable character and reputation, and can answer NO to the following questions or provide in separate letter complete details to questions answered yes:

• • • Have you ever been convicted of, or are you now under indictment for, a felony crime?
    • Have you or your firm ever been sanctioned by a leasing trade organization for conduct or business practices?
    • Are you or is your firm now the subject of any action before the Ethics or Standards Committee of any leasing trade organization?
    • Have you or your firm ever had a license to do business revoked, for cause, by a government entity, including licenses for real estate, insurance, securities, mortgage brokerage or the like?
    • Are you or is your firm now the subject of any investigation by a governmental agency that could result in the revocation of a license to do business?

CLFP Standards of Professional Conduct

• • • A CLFP will consent, in writing, to adhere to the Standards of Professional Conduct and the CLFP Pledge.
    • A Certified Lease & Finance Professional will always strive to conduct all business dealings in an honest, ethical, and professional manner.
    • A Certified Lease & Finance Professional will respect ownership of funds delivered as advanced fees or security deposits and will treat in a fiduciary capacity all funds received in that capacity.
    • A Certified Lease & Finance Professional will strive to constantly gain additional education to improve his/her professional competency and will work to promote education and integrity within the leasing industry.
    • A Certified Lease & Finance Professional will never knowingly make false or misleading statements to his/her employer, employees, customers, vendors, brokers or funding sources.
    • A Certified Lease & Finance Professional will never be involved in fraudulent activities.
    • A Certified Lease & Finance Professional will act in a leadership role in the industry and always be held to the highest standards of conduct applicable to the industry.

CLFP Pledge

“By applying for certification and recertification I agree that, if certification or recertification is granted, I will adhere strictly to the Standards of Professional Conduct of the CLFP Foundation (the “Standards”).

I am aware that certification or recertification may be revoked due to, among other things, a finding by the Foundation that I have failed to adhere to the Standards. I agree to participate in any peer review or examination conducted by the Board of Directors or designated representatives of the Foundation and to be bound by the results of any such review or examination.

If my certification or recertification is revoked or other disciplinary action is taken upon finding that I have violated the Standards, I agree I shall have no right or cause of action to pursue any claim against the Foundation or any member of its Board of Directors, Advisory Council, its officers, Executive Director or other representatives and I hereby waive and release any claim that I may have, at law or in equity, arising out of any such revocation or other disciplinary action.”

Use of the CLFP Designation, Logo and Other CLFP Branding

The terms “Certified Lease & Finance Professional,” “CLFP Foundation,” “CLFP Associate,” and “CLFP,” as well as the CLFP Designation as they all pertain to their use in the equipment leasing industry, are owned by the CLFP Foundation and protected under Federal Trademark Law. Only upon meeting and maintaining the qualifications for use as determined by the CLFP Foundation Board of Directors will the CLFP Foundation grant an individual a license for use of materials owned by the CLFP Foundation. The CLFP Foundation intends to comply with all antitrust laws.

Tips on Preparing for the CLFP Exam