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Why I Became a CLP

"What the Designation Means"

This is the sixth in a series about the Certified Lease Professional program, explaining why individuals decided to become a CLP, the process, and their reaction to the knowledge and other benefits gained. Many readers have asked what the "designation" means, thus this article:

The Certified Leasing Professional (CLP) designation sets the standard for professionalism in the leasing industry, according to the CLP Foundation.

This designation identifies and recognizes individuals within the leasing industry who have demonstrated their competency, through continued education, testing and conduct.

The letters CLP behind their name represents a visible recognition of this professional achievement and status.

The CLP designation is to be placed on business letterhead, business cards and other business documents and correspondence. The CLP designation may also be used after a name when writing an article or in a resume, biography or other professional situation.

Leasing professionals with the following prerequisites may apply:

  1. A minimum five years of equipment leasing experience or at least three years of leasing and two years of commercial finance experience.
  2. Acceptable character, ability and reputation.
  3. Pledge, in writing, to adhere to the CLP Standards of Professional Conduct.

There is a single fee of $550.00 to take the exam. Once the certificate is issued, it is good for four years. Then the person has to re-certify. Re-certification costs $100.00 and is good for another four years.

When a person is certified, he/she becomes a member of the CLP Foundation. The Foundation charges dues of $75.00 per year. These dues help support the services and activities of the Foundation, which include free one-day review classes, free introductory sessions at various industry functions, administrative costs, outreach costs, etc.

 

The three associations who support the program do not contribute money, but provide space at their conferences for the foundation to both give classes, and exams.  The foundation has a mentor program.

Eastern Association of Equipment Lessors

National Association of Leasing Brokers

United Association of Equipment Leasing

Here are the test and study schedules not at conferences of the three associations.

Various

Coston & Rademacher, PC - Chicago, IL
Please call Jim Coston, Esq., CLP at 312/205-1010 to arrange a date and time convenient to your study schedule and availability.

Various

Financial Pacific Leasing, LLC - Auburn, WA
Please call John Rosenlund, CLP at 253/568-6296 to arrange a date and time convenient to your study schedule and availability.

Various

Pinnacle Capital, LLC - Tacoma, WA
Please call Brent Hall, CLP at 253/926-1800 to arrange a date and time convenient to your study schedule and availability.

Various

Tetra Financial Group - Midvale, UT
Please call Marci Slagle, CLP at 801/748-2200, ext. 226 to arrange a date and time convenient to your study schedule and availability.

Various

ECS Financial Services, Inc. - Northbrook, IL
Please call Shari Lipski, CLP at 847/291-1333 to arrange a date and time convenient to your study schedule and availability.

11/04/2006

Teichman Financial Training - Sausalito, CA

11/11/2006

Teichman Financial Training - Sausalito, CA

For more information:

E-mail:
   Cindy Spurdle - Executive Director

Phone:
   610-687-0213 direct
   610-687-4111 fax
Address:
   CLP Foundation
   Attn: Cindy Spurdle
   PO Box 302
   Wayne, PA 19087