DFPI issues NPRM on debt collector licensing requirements
The California Department of Financial Protection and Innovation’s notice specifies that comments on the proposed modifications are due July 12.
The California Department of Financial Protection and Innovation’s notice specifies that comments on the proposed modifications are due July 12.
Among other things, the new legislation creates a Student Loan Bill of Rights and outlines new provisions for student loan servicers.
The California Department of Financial Protection and Innovation released background check guidance applicable to the key individuals of California Financing Law licensees and license applicants.
The new rule addresses the revocation and suspension of mortgage licenses, the reinstatement of expired or suspended licenses, and applications for initial licenses near year end, among other things.
Among other things, the bill allows DFI to accept licensing applications through the NMLS for certain license types.
New legislation clarifies certain deadlines and provisions in consumer credit applications and licensing requirements for mortgage loan originators.
Learn more about this topic and others in the NMLS Resource Center.
Wrap loans will be subject to regulation like other mortgage loan products in order to provide certain protections for buyers and sellers.
In this APPROVED Checkpoint webcast, we discussed proactive steps to keep records up-to-date with state and federal regulators.
The new requirements are expected to streamline the licensing process as part of efforts by state regulators to expand uniformity in state regulation through a strategy called Networked Supervision.
The Department of Financial Protection and Innovation now expects all companies to apply for the CFL license electronically via NMLS.
New legislation amends various provisions related to insurance, banking, and securities, including those related to licensing applications and the annual renewal process.
The Arizona governor signed into law SB 1463, a bill that makes various changes to the Arizona Department of Insurance and Financial Institutions (DIFI).
There are now fewer than 10 states that require an in-state office in connection with a consumer or mortgage lender license.
The NFID stated that they will not further extend the work from home provisional guidance, and that licensees should plan accordingly.
Pending paper applications must be resubmitted via NMLS and companies currently holding the license must submit a transition request by October 31, 2021.
Learn more about this topic and others in the NMLS Resource Center under “Agency News.”
The law allows a mortgage originator, broker, or servicer’s employees to work from their residence, assuming the individual is adequately supervised by the employer.
The notice of proposed rulemaking outlines new requirements for debt collectors seeking to obtain a license to operate in the California.