California Financing Law: Regulations, Legislation, 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 01/18 – Commercial Financing Disclosures (SB 1235)
April 7, 2021 – Notice of Modification to Proposed Regulations and Revised Regulation Text
Comment Period Ends: April 26, 2021
- Notice of Modifications to Proposed Regulations Under Division 9.5 of the California Financial Code (PDF)
- Revised PRO 01/18 (SB 1235) Regulation Text (PDF)
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
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
- Notice of Modifications – Comment Period Ends: August 7, 2015 (PDF)
- Proposed Text for PRO 03/13 (PDF)
PRO 03/13 – Nondepository Operating Subsidiaries
Comment Period Ends: December 8, 2014
ADOPT: Title 10, Sections 1422.3 and 1950.122.4.2
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.
- 2nd Invitation for Comments – Comment Period Ends: September 9, 2019 (PDF)
- Draft text (PDF)
- Disclosures:
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 03/13 – Nondepository Operating Subsidiaries
Effective: September 28, 2016
- 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)]
- PRO 18/11 – AB 1424 Franchise Tax Board: Delinquent Tax Debt
- PRO 14/10 – Finance Lenders Pilot Program – By Emergency Order
- 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 31/02 – Guarantee Loan Rules (Live Checks)
- OP 10/01– Implementing short and long form applications for licensure.
Legislation
- None at this time.
- Other legislative summaries.
Commissioner’s Releases
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Last updated:
Approved by Miranda LeKander 1/2020