California Financing Law: Regulations, Opinions, Releases

The California Financing Law is contained in Division 9 (commencing with Section 22000) of the California Financial Code and the regulations are contained in Chapter 3, Title 10, California Code of Regulations, commencing with Section 1404. Requirements for commercial financing disclosures are contained in Division 9.5 (commencing with Section 22800) of the California Financial Code.


Proposed Regulations

PRO 04/21 – Pilot Program for Increased Access to Responsible Small Dollar Loans

October 6, 2021 – Modification to Proposed Text

Comment Period Ends: October 21, 2021

Initial Proposed Text

Comment Period Ends: September 20, 2021

AMEND: Title 10, Sections 1602, 1603, 1606, 1613, 1614, 1615, and 1616.

PRO 01/18 – Commercial Financing Disclosures (SB 1235)

October 12, 2021 – Notice of Third Modifications to Proposed Regulations and Revised Regulation Text

August 9, 2021 – Notice of Second Modification to Proposed Regulations and Revised Regulation Text

April 7, 2021 – Notice of Modification to Proposed Regulations and Revised Regulation Text

Comment Period Ends: April 26, 2021

Notice of Public Hearing

Public Hearing Scheduled: November 9, 2020 (PDF)

Initial Proposed Text

Comment Period Ends: October 28, 2020

PRO 02/17 – NMLS Transition for California Financing Law Applicants and Licensees, and Requirements for PACE Program Administrators

See “Approved Regulations,” below, for the final rules.

Fifth Modifications to Proposed Text

Comment Period Ends: July 22, 2021

Fourth Modifications to Proposed Text

Comment Period Ends: January 13, 2021

Third Modifications to Proposed Text

Comment Period Ends: December 3, 2020

Second Modifications to Proposed Text

Comment Period Ends: September 18, 2020

Modifications to Proposed Text

Comment Period Ends: June 12, 2020

Initial Proposed Text

Comment Period Ends: December 9, 2019

PRO 03/13 – Nondepository Subsidiaries and Affiliates

Comment Period Ends: September 21, 2015

PRO 03/13 – Nondepository Operating Subsidiaries

Comment Period Ends: September 3, 2015

PRO 03/13 – Nondepository Operating Subsidiaries

Comment Period Ends: August 7, 2015

PRO 03/13 – Nondepository Operating Subsidiaries

Comment Period Ends: December 8, 2014

ADOPT: Title 10, Sections 1422.3 and 1950.122.4.2

PRO 03/13 – Notice (PDF) 

PRO 03/13 – Proposed Text (PDF) 

PRO  03/13 – Initial Statement of Reasons (PDF)

PRO 06/14 – MLO Education and Testing Requirements

Comment Period Ends: May 4, 2015

AMEND: Title 10, Sections 1422.6.1, 1422.6.3, 1950.122.5.1, and 1950.122.5.3.

Invitation For Comments


1/17/2020 – PRO 01/18 – Commercial Financing Disclosures (SB 1235)
Comment Period Ends: January 31, 2020.

7/26/19 – PRO 01/18 – California Financing Law (CFL) Commercial Financing Disclosures
Comment Period Ends: September 9, 2019.

12/04/18 – PRO 01/18 – California Financing Law (CFL) Commercial Financing Disclosures
Comment Period Ends: January 22, 2019.


4/19/18 – PRO 02/17 – Property Assessed Clean Energy (PACE) Program Administrators
Comment Period Ends: June 8, 2018.

PRO 02/17 – Property Assessed Clean Energy (PACE) Program Administrators
Comment Period Ends: January 5, 2018


 

Approved Regulations

  • PRO 02/17 – NMLS Transition for California Financing Law Applicants and Licensees, and Requirements for PACE Program Administrators

    ADOPT: Title 10, California Code of Regulations, Sections 1422.5.1, 1620.01, 1620.02, 1620.03, 1620.05, 1620.06, 1620.07, 1620.08, 1620.10, 1620.11, 1620.12, 1620.13, 1620.14, 1620.15, 1620.16, 1620.17, 1620.19, 1620.21, 1620.22, 1620.25, 1620.27, 1620.28, and 1620.29.

    AMEND: Title 10, California Code of Regulations, Sections 1404, 1408, 1409, 1409.1, 1411, 1422, 1422.4, 1422.4.5, 1422.5, 1422.6.2, 1422.6.2, 1422.7.1, 1422.9, 1422.10, 1422.12, 1423, 1424, 1425, 1426, 1437, 1550, and 1552.

    Effective Date: October 1, 2021

    Electronic Surety Bond, Effective April 27, 2021

    ADOPT: Title 11, California Code of Regulations, Section 31.28
    Effective Date: April 27, 2021


Commissioner’s Releases


SUBSCRIBE TO RECEIVE RULEMAKING NOTICES

To receive notices of DFPI rulemaking, subscribe to our e-mail subscription service.

Last updated: Oct 11, 2021 @ 5:15 pm

Approved by Miranda LeKander 1/2020