California licensees have a pair of deadlines approaching in March. The annual report for California Residential Mortgage Lending Act licensees is due by March 1, and the annual report for California Financing Law licensees is due by March 15.
Both reports cover activity conducted by licensees in calendar year 2018 and the information provided is used to determine assessments to be paid by licensees in 2019. These reports must be filed electronically through the California Department of Business Oversight’s (DBO) website portal, DOCQNET, which provides report templates. The DBO does not grant extensions for filing the reports, and missing the deadline may result in monetary penalties and/or suspension or revocation of the license.
For assistance with preparing and submitting license reports, please do not hesitate to contact APPROVED.