DFI Legal Precedent System

A few years ago, a Department task force of lawyers and examiners selected certain letters as interpretations that the Department may abide by. We have now made these letters electronically available so that financial institutions, their counsel, and the general public can access those determinations by performing a search of the database. We recognize that publication of these letters may raise further questions, and we welcome those inquiries. Although this system contains letters selected because they are generally reliable as an indication how the Department may interpret the law, please be advised that these letters represent the position of the Department in the context of the specific facts presented in each case. A change in the law or facts may yield a different interpretation and result. Changes in policy may also affect the result. Therefore, the Department must reserve the right to qualify, withdraw or retract any of these letters. If you have any doubt as to whether a particular letter is still a reliable interpretation, please call or email us.

We also realize that many other interpretations exist in the files of financial institutions and law firms that may no longer be in our files. We invite you to send us those old letters. If we can authenticate them and if we agree with the interpretations, we will add them to the data base for everyone’s benefit.

Please submit any old precedents for inclusion in this database to our head Legal Secretaries, Agnes Pagaduan and Inna Swickard. We would also be grateful if you could scan them with an optical reader and email to them at agnes.pagaduan@dfpi.ca.gov or inna.swickard@dfpi.ca.gov, because this will ease conversion to html.

Thank you for visiting our website.

Approved by Kue Lee 6/2019

Last updated: Nov 12, 2020 @ 4:52 pm