Licensees and Industries Regulated by the Department
The Department of Financial Protection and Innovation (DFPI) provides protection to consumers and services to businesses engaged in financial transactions by regulating a variety of financial services, products and professionals. Below is a list of the licensees, franchises, transactions and industries that are regulated or overseen by the DFPI.
- Banks
- Broker-Dealers and Investment Advisers
- California Deferred Deposit Originators (commonly known as “Payday Lenders”)
- California Financing Law
- California Residential Mortgage Lenders
- Capital Access Company Law
- Check Sellers, Bill Payers and Proraters
- Credit Unions
- Debt Collectors
- Escrow Agents/ Escrow Law
- Franchises (Franchise Investment Law)
- Local Agency Security Program
- Money Transmitters
- Mortgage Loan Originators
- New Covered Persons
- Premium Finance Companies
- Property Assessed Clean Energy (PACE) Program Administrators
- Responsible Small Dollar Loans (Pilot Program)
- Securities (Corporate Securities Law of 1968)
- Student Loan Servicers
- Trust Companies and Departments
Additional Resources:
Consumer Financial Protection Bureau:
- 2021 Mortgage Servicing COVID-19 Rule Executive Summary (PDF)
- Protections for Borrowers Affected by the COVID-19 Emergency Under the Real Estate Settlement Procedures Act (RESPA), Regulation X
- CARES Act forbearance – Learn about forbearance
State laws passed for COVID-19:
- AB-3088 Tenancy: rental payment default: mortgage forbearance: state of emergency: COVID-19
- SB-91 COVID-19 relief: tenancy: federal rental assistance
Translated Notices to Cosigner (SB 633)
Senate Bill 633 amended Civil Code section 1799.91 to require the Notice to Cosigner in Civil Code section 1799.91, subdivisions (a) and (d), to be provided to specified persons by creditors and lessors regardless of whether the persons are married to each other. Senate Bill 633 also expanded the languages that the notices are required to be translated into. In addition, Civil Code section 1799.91 now requires the Department of Financial Protection and Innovation to make translations of the notices available in the required languages on its website by January 1, 2023, and would require additional translations of any languages subsequently added to state law.
Below are the Notices to Cosigner required by Civil Code section 1799.91, subdivisions (a) and (d), in English and the languages set forth in Civil Code section 1632, subdivision (b).
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Approved by KLee 4/2021