Special Report on
California Finance Lenders Law
California Finance Lenders Law - Trends
Latest Trending Story:
A new law directs the California Department of Corporations and Department of Financial Institutions to create model forms for use by “supervised financial organizations” to summarize the terms of a mortgage loan in Spanish, Chinese, Tagalog, Vietnamese or Korean. These forms may be used to comply with California Civil Code Section 1632. The new California Civil Code Section 1632.5, which establishes an alternative for meeting the current legal requirements regarding the translation of loan documents into languages other than English, becomes operative on July 1, 2010, or 90 days after the state agencies issue the model forms, ...
Under the California Finance Lenders Law (the “CFLL”), a person engaged “in the business of a finance lender or broker” within California generally must obtain a license from the California Department of Corporations. The law provides a number of exemptions from this requirement, including exemptions available for small business investment companies and persons that limit their lending activities to no more than one loan in any 12-month period. However, the licensing requirements of the CFLL are not triggered by a qualified bridge loan (“QBL”), which is ... Read More
SURVEY RESULTS FOR
CALIFORNIA FINANCE LENDERS LAW
CSULB Economic Stabilization Act Panel Discussion
Davos Annual Meeting 2010 - Redesigning Financial Regulation
- Pitfalls of Special Assessment Webinar : Northwest Condo & HOA Law ...
- Free Webinar on Loan Guarantee Program Hosted by DOE : Renewable + Law