When I joined the Department of Corporations, it had no website and filings were made only in hard copy. In the ensuing years, the Department (now known as the Department of Business Oversight) created a website, established system for filing notices of exemption under Section 25102(f) online, and provided online access to securities and franchise filings. See California’s Big EASI.
Online filings and internet access to those filings will change at 12:00 p.m. on June 18 when the Department rolls out DOCQNET (Document Quality Network). According to the Department,
Beginning at 12 pm on June 18, 2014, securities permit applications and exemption notices filed pursuant to the Corporate Securities Law of 1968 and franchise applications and exemption notices filed under the Franchise Investment Law may be filed and paid for online using the DOCQNET self-service portal.
DOCQNET will replace the current electronic 25102(f) Limited Offering Exemption Notice (LOEN) filing system and the California Electronic Access to Securities Information and Franchise Information (Cal-EASI) portal. Information currently available using the Cal-EASI database (including LOEN filings) will still be accessible and available using DOCQNET.
In addition to securities and franchise filings, applicants will be able to submit applications for licensure under the California Finance Lenders Law, California Deferred Deposit Transaction Law, and Escrow Law. Licensees under these laws will be able to submit their annual report information online and update contact information. Companies and individuals licensed under the California Residential Mortgage Lending Act, California Finance Lenders that make residential loans, and Mortgage Loan Originators will continue to use the Nationwide Mortgage Licensing System (NMLS).
