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Department of Financial Protection and Innovation (DFPI) Licensing Rules License Applications

Sheppard Mullin Richter & Hampton LLP

California Reinstates Licensing Exemption for Single Commercial Loan Made During 12-month Period

On April 28, Governor Newsom signed Senate Bill 577 which will, among other things, bring back the California Financing Laws (CFL) licensing exemption which permits a lender to make a single commercial loan within a 12-month...more

Goodwin

California DFPI Issues $375,000 Sanction Against Debt Collector

Goodwin on

On September 22, 2021, the California Department of Financial Protection and Innovation (DFPI) announced that it issued its first enforcement action against a debt collection company for various practices,...more

Manatt, Phelps & Phillips, LLP

California’s Lending License Moves From Paper to Electronic

On August 19, the California Department of Financial Protection and Innovation (DFPI) announced the adoption of final rules transitioning the application form and certain other submissions relating to the “catchall”...more

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