DBO Monthly Bulletin – September 2020
Commissioner Solicits Suggestions to Make Department More Efficient…Read More…
Assembly Bill (AB) 3088
On August 31,2020, Governor Gavin Newsom signed Assembly Bill (AB) 3088. This new law protects renters, small landlords, and homeowners who are unable to pay their rent or mortgage due to… Read More >
An Update of DRE Exam Centers
The Fresno, La Palma, San Diego and Sacramento exam centers are all open. The Oakland exam center remains closed until through August 14th. Given the fact that exams have been canceled… Read More >
Updated DRE Publications
Please be advised that the Department of Real Estate (DRE) recently updated the following publications its website: Real Estate Bulletin, Spring 2020 Fraud Warnings for California Homeowners in Financial Distress #RE… Read More >
California Department of Business Oversight Monthly Bulletin – June 2020
COVID-19 Updates Additional CARES Act Guidance to Assist Mortgage Servicers DBO Launches Financial Education and Empowerment Grant Program DBO Issues Order to Ban Encino PACE Contractor June 12 Deadline to Comment… Read More >
Notice of Modifications to Proposed Rulemaking: Requirements for California Financing Law NMLS Transition and Requirements for PACE Program Administrators (PRO 02/17)
On October 25, 2019, the Department of Business Oversight issued a notice of rulemaking to amend the regulations under the California Financing Law. The proposed changes require applicants and licensees to… Read More >
Buchalter Client Alert COVID-19: Despite the Shut Down and Absence of Final Implementing Regulations, California’s Attorney General Still Intends to Enforce the California Consumer Privacy Act Starting July 1, 2020
While California remains under state and local Safer-at-Home orders, and many businesses have been shuttered or forced to modify their day-to-day business, the California Attorney General still intends to begin to… Read More >
DRE Cancels Real Estate Salesperson and Broker License Exams
The Department of Real Estate (DRE) is cancelling real estate salesperson and broker license exams in all exam centers through May 31, 2020. This action is being taken to comply with… Read More >
California Department of Business Oversight Monthly Bulletin – May 2020
California Provides Expansion of Student Loan Relief Fraud and Other Alerts Mortgage Forbearance, Foreclosure, Rent Relief Other BCSH, DBO Guidance Point-of-Sale Lenders Subject to DBO Oversight Greater Census Response Urged Escrow… Read More >
Executive Summary of the 2020 Home Mortgage Disclosure Act (Regulation C) Final Rule
On April 16, 2020, the Consumer Financial Protection Bureau (Bureau) issued a final rule amending Regulation C. This final rule adjusts Regulation C’s institutional and transactional coverage thresholds for closed-end mortgage… Read More >