Toolbox

Below you will be able to find everything necessary to become and stay successful in the equipment finance profession. But remember, it’s up to you to make the most of these resources.

Download 2019 Body of Knowledge

The exam questions will be based on concepts and knowledge basic to effective equipment leasing. Download the 2019 CLFP Body of Knowledge to learn more.

MACRS Table

Read more about the MACRS Table.

 

Revenue Ruling 55-540

Download the Revenue Procedure 2001-28 PDF.

Download CLFP Exam Outline

The CLFP Exam is an 8-hour test that is broken into four sections.  Download the CLFP Examp outline to learn more about the exam components and their corresponding points.

Revenue Ruling 55-540

Download the Revenue Ruling 55-540 PDF.

 

Academy for Lease and Finance Professionals

The Certified Lease & Finance Professional (CLFP) Foundation is pleased to present the Academy for Lease & Finance Professionals (ALFP). The ALFP is a three-day event designed to fully prepare an individual to sit for the CLFP exam assuming the attendee has read and studied The Certified Lease & Finance Professionals’ Handbook prior to attending.

On the first two days, all of the required sections of the CLFP exam are covered in-depth. On the third day, the exam is offered, but not mandatory. The cost to attend the class is $750 and the cost of the exam is $695. When purchased together, the total is discounted to $1400. Current CLFPs are offered a discounted price of $395 and class attendance satisfies the Recertification requirement.

Sample schedule as follows:

 

Day 1

      • Introduction to CLFP
      • History and Purpose of Leasing
      • Leasing Law
      • Financial & Tax Accounting
      • Pricing

Day 2

      • Credit
      • Documentation
      • Sales & Marketing
      • Funding, Operations and Customer Service
      • Collections
      • Asset & Portfolio Management

Day 3

      • CLFP Exam

Anonymity Progam

The Foundation offers a very unique program called the Anonymity Program. It is designed for those who would like to study for and take the exam anonymously, with a public announcement being made only when certification is earned.

To take part in this program, please contact our Executive Director, Reid Raykovich via reid@CLFPfoundation.org

 

CLFP Mentor Program

The Mentor Program was created to assist candidates in preparing to take the CLFP Exam. The Program is voluntary and is offered at no additional cost to the candidate.

A candidate will be assigned a Mentor upon request following formal application and receipt of fee for the CLFP Exam. Candidates are matched with a mentor who is knowledgeable in areas of the Body of Knowledge of interest to the candidate. Or, the candidate may request a specific individual.

All Mentors hold the CLFP designation and will answer questions about the conduct of the exam, assist the candidate in understanding and interpreting areas of the Body of Knowledge, and generally provide intellectual, experiential and moral support.

Mentors are not instructors or tutors. The candidate is expected to learn the required material on his or her own by studying written materials, by taking available industry courses, and through industry work experience. Mentors will provide clarification and interpretation for subjects the candidate has already studied. For instance, the Mentor will clarify Present Value Theory, but will not teach the Theory.

 

Become A Mentor

The CLFP Foundation is looking for Mentors. The number of applicants for certification is growing each day and has focused attention on the need for CLFP Mentors.

Are you a CLFP in Good Standing?

All Mentors must hold the CLFP designation In Good Standing and will answer questions about the conduct of the exam, assist the candidate in understanding and interpreting areas of the Body of Knowledge and provide intellectual, experiential and moral support. By becoming a Mentor you will help the CLFP Candidate succeed and brighten the future of your industry. Rest assured, when you serve as a mentor you enrich yourself as much as you do the CLFP candidate. Mentoring is not only a great way to get a tune-up and make ongoing contributions to the industry (and qualifies toward recertification), but mentoring leads to new experiences, new connections, new insights and new satisfactions.

Additional Tools

Academy for Lease and Finance Professionals

The Certified Lease & Finance Professional (CLFP) Foundation is pleased to present the Academy for Lease & Finance Professionals (ALFP). The ALFP is a three-day event designed to fully prepare an individual to sit for the CLFP exam assuming the attendee has read and studied The Certified Lease & Finance Professionals’ Handbook prior to attending.

On the first two days, all of the required sections of the CLFP exam are covered in-depth. On the third day, the exam is offered, but not mandatory. The cost to attend the class is $750 and the cost of the exam is $695. When purchased together, the total is discounted to $1400. Current CLFPs are offered a discounted price of $395 and class attendance satisfies the Recertification requirement.

Sample schedule as follows:

Day 1

      • Introduction to CLFP
      • History and Purpose of Leasing
      • Leasing Law
      • Financial & Tax Accounting
      • Pricing

Day 2

      • Credit
      • Documentation
      • Sales & Marketing
      • Funding, Operations and Customer Service
      • Collections
      • Asset & Portfolio Management

Day 3

      • CLFP Exam

 

Anonymity Progam

The Foundation offers a very unique program called the Anonymity Program. It is designed for those who would like to study for and take the exam anonymously, with a public announcement being made only when certification is earned.

To take part in this program, please contact our Executive Director, Reid Raykovich via reid@CLFPfoundation.org

 

CLFP Mentor Program

The Mentor Program was created to assist candidates in preparing to take the CLFP Exam. The Program is voluntary and is offered at no additional cost to the candidate.

A candidate will be assigned a Mentor upon request following formal application and receipt of fee for the CLFP Exam. Candidates are matched with a mentor who is knowledgeable in areas of the Body of Knowledge of interest to the candidate. Or, the candidate may request a specific individual.

All Mentors hold the CLFP designation and will answer questions about the conduct of the exam, assist the candidate in understanding and interpreting areas of the Body of Knowledge, and generally provide intellectual, experiential and moral support.

Mentors are not instructors or tutors. The candidate is expected to learn the required material on his or her own by studying written materials, by taking available industry courses, and through industry work experience. Mentors will provide clarification and interpretation for subjects the candidate has already studied. For instance, the Mentor will clarify Present Value Theory, but will not teach the Theory.

Become A Mentor

The CLFP Foundation is looking for Mentors. The number of applicants for certification is growing each day and has focused attention on the need for CLFP Mentors.

Are you a CLFP in Good Standing?

All Mentors must hold the CLFP designation In Good Standing and will answer questions about the conduct of the exam, assist the candidate in understanding and interpreting areas of the Body of Knowledge and provide intellectual, experiential and moral support. By becoming a Mentor you will help the CLFP Candidate succeed and brighten the future of your industry. Rest assured, when you serve as a mentor you enrich yourself as much as you do the CLFP candidate. Mentoring is not only a great way to get a tune-up and make ongoing contributions to the industry (and qualifies toward recertification), but mentoring leads to new experiences, new connections, new insights and new satisfactions.

CLFP Foundation

P.O. Box 146, Northbrook, IL 60065
Phone (206) 535-6281  Fax (866) 795-5839   info@clfpfoundation.org