California Residential Mortgage Lending Act – Archives
2020
- 02/04/2020 – New Online Form Available for 2019 CRMLA Annual Report (PDF)
2019
- 01/24/2019 – 2017 Residential Mortgage Loan Report (Holden Act Report) (PDF)
- 01/07/2019 – New Online Form Available for 2018 CRMLA Annual Report (PDF)
2018 Annual California Residential Mortgage Lending Act Report – Due March 1, 2019
Licensees under the California Residential Mortgage Lending Act (CRMLA) are now able to complete their 2017 CRMLA Annual Report electronically. Instructions for completing the annual report were sent to each licensee’s designated email address on January 20, 2018. Reports must be submitted online using the unique link included in the e-mail. The instructions also include a link to a blank paper copy of the report to help you compile the information and prepare to file the online form. The report must be filed by all CRMLA licensees by March 1, 2019.
Residential Mortgage Loan Report (Holden Act Report) for Calendar Year 2018 – Due March 31, 2019
Specified DFPI-licensed lenders must file their 2018 Residential Mortgage Loan Report by March 31, 2019. The report is mandated by the state’s Housing Financial Discrimination Act of 1977, known as the Holden Act.
2018
- 06/29/2018 – 2017 CRMLA Annual Report (PDF)
2016
- 07/11/2016 – First-Ever CRMLA Annual Report Released (PDF)
2017
- 2017 Annual California Residential Mortgage Lending Act Report – Due March 1, 2018. Licensees under the California Residential Mortgage Lending Act (CRMLA) are now able to complete their 2017 CRMLA Annual Report electronically. Instructions for completing the annual report were sent to each licensee’s designated email address on January 20, 2017. Reports must be submitted online using the unique link included in the e-mail. The instructions also include a link to a blank paper copy of the report to help you compile the information and prepare to file the online form. The report must be filed by all CRMLA licensees by March 1, 2018.
- Residential Mortgage Loan Report (Holden Act Report) for Calendar Year 2017 – Due March 31, 2018.Specified DFPI-licensed lenders must file their 2017 Residential Mortgage Loan Report by March 31, 2018. The report is mandated by the state’s Housing Financial Discrimination Act of 1977, known as the Holden Act.
2016
- 02/23/2016 – Specified DFPI-licensed lenders must file their 2015 Residential Mortgage Loan Report no later than Mar. 31. The report is mandated by the state’s Housing Financial Discrimination Act of 1977, known as the Holden Act. The report forms, information on how to complete the forms and details about who has to file reports can be found.
- 01/20/2016 – 2015 Annual Report for the California Residential Mortgage Lending Act Due March 1, 2016. Licensees under the California Residential Mortgage Lending Act (CRMLA) are now able to complete their 2015 CRMLA Annual Report electronically. The format for submitting the report and the data collected will be the same as for the 2014 reports. Instructions for completing the annual report were sent to each licensee’s designated email address on January 20, 2016. Reports must be submitted online using the unique link included in the e-mail. The instructions also include a link to a blank paper copy of the report to help you compile the information and prepare to file the online form. The report must be filed by all CRMLA licensees by March 1, 2016.
2014
- 10/23/14 –The Commissioner of the Department of Financial Protection and Innovation Commissioner proposes to adopt regulations under the California Finance Lenders Law and the California Residential Mortgage Lending Act. The proposed regulations would clarify that nondepository operating subsidiaries, affiliates, and agents of federal banks and other financial institutions are required to be licensed and regulated by the Department of Financial Protection and Innovation. The period within which to comment on this proposed regulatory action ends on December 8, 2014. (Notice of Proposed Rulemaking PRO 03/13)
- 01/09/2014 – The Commissioner of the Department of Financial Protection and Innovation adopted amendments to various sections of Title 10 of the California Code of Regulations. The regulations (1) amend license and renewal license application forms under the Corporate Securities Law of 1968 (broker-dealers, agents, investment advisers), the California Finance Lenders Law, the California Residential Mortgage Lending Act, and the Securities Depository Law pursuant to AB 1424 (Chap. 455, Stats. 2011); (2) amend the application for a license under the California Finance Lenders Law regarding operating subsidiaries, reporting of past criminal acts and other violations, and self-certification for passive investors; and (3) adopt the annual report form under the California Finance Lenders Law. The amendments were filed with the Secretary of State on January 7, 2014 and are effective upon filing with the Secretary of State. (PRO 18/11)
2013
- 08/12/2013 -The Commissioner of the Department of Financial Protection and Innovation is proposing further amendments to Sections 260.210, 260.211, 260.211.1, 260.231, 1422, 1422.7, 1423, 1430, 1581, 1582, 1805.204, and 1950.122.8 of Title 10 of the California Code of Regulations, originally published in the California Regulatory Notice Register 2012, No. 50-Z. This rulemaking action relates to amendments made in response to comments received regarding the proposed regulation and other nonsubstantive changes. The Department of Financial Protection and Innovation also proposes other nonsubstantive changes throughout the text to amend Department-specific information as a result of the reorganization of state departments. The period within which to comment on these amendments ends on August 29, 2013. (PRO 18/11)
- 07/17/2013 – The California Foreclosure Reduction Act (“Act”) became effective January 1, 2013, significantly changing the landscape of the non-judicial foreclosure process in California. The Act applies to all mortgage servicers that conduct foreclosures in this state. However, many provisions in the Act apply to mortgage servicers that have foreclosed on more than 175 homes during the preceding calendar year. View a summary of the Act and a list of such mortgage servicers previously licensed by the former Department of Corporations, now licensed by the Department of Financial Protection and Innovation. At this time, no state-licensed bank or credit union previously licensed by the former Department of Financial Institutions, now licensed by the Department of Financial Protection and Innovation, has more than 175 foreclosures in the preceding calendar year.
2012
- 12/07/12 – The Commissioner of Corporations proposes to adopt and amend various sections of Title 10 of the California Code of Regulations. This regulatory action proposes to, among other things, amends license and renewal license application forms under the California Residential Mortgage Lending Act. The period within which to comment on this proposed regulatory action ends on January 28, 2013.
- 12/04/12 – The Commissioner of Corporations has issued Release 65-FS to advise mortgage servicers of the new foreclosure laws effective January 1, 2013, including the landmark California Foreclosure Reduction Act (AB 268 (Ch. 86, Stats. 2012) and SB 900 (Ch. 87, Stats. 2012)), which reforms the foreclosure process.
- 11/30/12 – The California Corporations Commissioner has issued Release 64-FS to provide information to mortgage loan originators (MLOs) who are employed by bona fide nonprofit organizations, and who may be exempt from licensure requirements under Financial Code Section 22013(b) of the California Finance Lenders Law and Financial Code Section 50003.5(b) of the California Residential Mortgage Lending Act, as amended by AB 2666 (Chap. 264, Stats. 2012), effective January 1, 2013. For an MLO to qualify for the exemption, the bona fide nonprofit organization employer must register with the Department. The Commissioner of Corporations has posted the form and instructions for filing.
- 02/07/12 – The updated Mortgage Banker Annual Report and the Non-traditional Adjustable Rate and Mortgage Loan Survey are now available