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

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)]
• 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

• Commissioner’s Releases on California Financing Law

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