California Finance Lenders Law
- 10/19/2015 – The portal for filing applications online to obtain California Finance Lender (CFL), Deferred Deposit Transaction (CDDTL) and Escrow licenses is now available. Applicants may file applications and pay licensing and other fees using the portal found at https://docqnet.dbo.ca.gov. Questions should be directed to CFL.email@example.com, CDDTL.firstname.lastname@example.org or email@example.com.
- 03/11/15 - In response to issues that have arisen as a result of trying to submit the annual report, the department is providing Frequently Asked Questions (FAQ’s) to assist filers with the upload process.
- 02/26/15 - Effective January 1, 2015, the California Finance Lenders Law includes an exemption for nonprofit organizations facilitating zero-interest, low-cost consumer loans through lending circles and other programs that allow individuals to establish and build credit histories or to improve their credit score. Information on the minimum requirements for the exemption and links to the application and related forms are available here.
- 02/13/15 –The Annual Report Form and Instructions for Licensees Engaged in Business under the California Finance Lenders Law (CFLL) for Year Ended Dec. 31, 2014, is now available for download: CFLL Annual Report - CFLL Annual Report Instructions. The report must be uploaded to the DBO’s Self-Service DOCQNET Portal when completed. The report can be submitted only if the company is registered through the portal. The deadline to submit the report is Mar. 15, 2015, and no extensions will be granted. Licensees who have not registered through DOCQNET should do so immediately to avoid missing the filing deadline. Licensees with questions should call (213) 576-7690.
PLEASE NOTE: The CFL Annual Report submission requires Microsoft Excel 2010 or higher. If you are using Excel 2007 or earlier, please upgrade to 2010 or higher.
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- Bona Fide Nonprofit Affordable Housing Organizations
- Finance Lender Consumer Information
- Search the Licensee Listing
Information on persons licensed under CFL that are engaged in making or brokering loans secured by residential real property is also available in NMLS Consumer Access.
- About the Law
- Who is required to obtain a Finance Lenders License or Branch License under the Finance Lenders Law?,
- How do I apply for a Finance Lenders License or Authorize a Branch Office under the Finance Lenders Law?
- Requirements after a Finance Lenders License has been Issued
- How Do I Amend a Finance Lenders License or a Branch Office License under the Finance Lenders Law?
- How Do I Surrender a Finance Lenders License or a Branch Office License under the Finance Lenders Law?
- Frequently Asked Questions
- Regulations, Legislation, Opinions, Releases
- Residential Mortgage Loan Report (2013) (PDF)
Companies licensed under the California Finance Lenders Law, California Deferred Deposit Transaction Law, and Escrow Law, may access the Self-Service DOCQNET Portal to submit applications for licensure, view the status of applications, submit annual report information, and update contact information.
NMLS Consumer Access is a fully searchable website that allows the public to view information concerning state-licensed mortgage companies, branches and individuals currently licensed through NMLS.
Information on CFL licensing requirements for companies and branches engaged in making or brokering loans secured by residential real property is also available in NMLS.
An application for a license under the California Finance Lenders Law for residential mortgage providers (mortgage lenders, brokers, mortgage lenders and brokers, and mortgage loan originators) should be filed through the Nationwide Mortgage Licensing System (NMLS).