Get Cfl Annual Report

A Transition Request is a license request through NMLS for existing licensees to begin managing their license on NMLS. Page 3. How is Transition Request made? A Transition Request is made by the submission of the Company Form (MU1) for the company license and the Branch Form (MU3) for each branch license.

The Equal Credit Opportunity Act [ECOA], 15 U.S.C. 1691 et seq.

The process generally takes 5 to 15 minutes. Once your license application is approved, it will remain inactive until it is properly associated with the lender that is sponsoring you. Upon association, congratulate yourself, you are now authorized to lend in the great state of California.

Transition to NMLS Companies holding a California Financing Law license not currently licensed in California through NMLS must submit a license transition request through NMLS by filing a Company Form (MU1) and an Individual Form (MU2) for each control person by December 31, 2021.

Failure to file the report will result in summary revocation of your license(s). Under Government Code Section 11522, a licensee whose license has been revoked may have to wait a period of not less than one year from the date of revocation before applying for a license.

Instead, most private loan funds must obtain a separate finance lender's license for each fund, even though the application process can take six to twelve months (or longer) for each license.

CFL Annual Report for Calendar Year 2022 The report must be completed online on the DFPI's website at https://docqnet.dfpi.ca.gov. Licensees must log in to the self-service portal in order to complete the report. The 2022 Annual Report must be filed with the DFPI by March 15, 2023.

Contact the CA-DFPI by email at CFL.Inquiries@dfpi.ca.gov or phone at (866) 275-2677 to request your transition number. Input this number as your license number when transitioning onto NMLS, and the CA-DFPI will input your license number when approving the transition.