California Financing Law: Regulations, Legislation, Opinions, Releases

Proposed Regulations

Invitation For Comments

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

• 3rd Invitation for Comments (PDF)

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

• 2nd Invitation for Comments –  Comment Period Ends: September 9, 2019  (PDF) 
• Draft text  (PDF)
• Disclosures:
  • Asset-Based Lending  (PDF)
  • Closed-End Transaction (PDF)
  • General Factoring (PDF)
  • Lease Financing  (PDF)
  • Open-End Credit Plan (PDF)
  • Sales-Based Financing (PDF)

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

• Invitation for Comments-  Comment Period Ends: January 22, 2019 (PDF)  
• View Comments

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

• 2nd Invitation for Comments  –  Comment Period  Ends: June 8, 2018 (PDF)
• Draft Text (PDF)

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

• Invitation for Comments – Comment Period Ends: January 5, 2018 (PDF) 

Approved Regulations

• PRO 03/13 – Nondepository Operating Subsidiaries

  Effective: September 28, 2016

  • Order (PDF)
  • Final Statement of Reasons (PDF)
• PRO 06/14 (PDF) – MLO Education and Testing Requirements
• PRO 15/13 – Pilot Program for Increased Access to Responsible Small Dollar Loans [SB 318 (Chapter 467, Statutes 2013)]

  ADOPT: Title 10, Sections 1600, 1601, 1602, 1603, 1604, 1605, 1606, 1606.1, 1607, 1608, 1609, 1610, 1611, 1612, 1613, 1614, 1615, 1616, 1617, and 1618

  AMEND: Title 10, Section 1550

  REPEAL: Title 10, Sections 1580, 1581, 1582, 1583, 1584, 1585, 1586, 1587, 1588, 1589, 1590, 1591, 1592, 1593, 1594, 1595, and 1596

  Effective Date of Rules: July 17, 2014

  • std 400-Approved | Order – PRO 15/13 (PDF)
  • Final Statement of Reasons – PRO 15/13 (PDF)
• PRO 18/11 – AB 1424 Franchise Tax Board: Delinquent Tax Debt
• PRO 14/10 – Finance Lenders Pilot Program – By Emergency Order

  Adopt Sections 1580, 1581, 1582, 1583, 1584, 1585, 1586, 1587, 1588, 1589, 1590, 1591, 1592, 1593, 1594, 1595, and 1596

  Effective December 21, 2011

  • Order
  • Final Statement of Reasons
  • Addendum to Final Statement of Reasons
• PRO 16/08 – SAFE Mortgage Licensing Act
• PRO 01/07 – Nontraditional Mortgage Products
• PRO 21/05 – Fingerprint and Criminal History Record Checks, Application Form Revisions

  PRO 21/05 – CFLL Fingerprint and Criminal History Record Check, Application Form Revisions, and Other Related Matters

  Rule(s) 1409, 1422, and 1423

  Effective date: 12/07/07

  • Order -PRO 21/05 (PDF) 
  • Final Statement of Reasons – PRO 21/05 (PDF)
• PRO 31/02 – Guarantee Loan Rules (Live Checks)PRO 31/02 – California Finance Lenders Law: Guarantee Loan Rules Live Checks)

  Rule: 1556

  Effective Date: 04/24/05

  • Order – PRO 31/02 (PDF)
  • Final Statement of Reasons – PRO 31/02 (PDF)
• OP 10/01- Implementing short and long form applications for licensure

  OP 10/01 – California Finance Lenders Law: Implement short and long form applications for licensure.

  Rule: 1422 and 1423

  Effective Date: 12/16/02

  • Short and long forms 
  • Order – OP 10/01 (PDF)
  • Final Statement of Reasons – OP 10/01 (PDF)

Legislation

• None at this time.
• Other legislative summaries.

Commissioner’s Releases

• Commissioner’s Releases on California Financing Law

SUBSCRIBE TO RECEIVE RULEMAKING NOTICES

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